While we have of course moved on from thinking that this is all purely about American real estate it is worth noting that the housing bubble was in fact highly geographically concentrated.
A classic case of governmental spending crowding out a private sector competitor.
Another unhappy manner of spending the taxpayers' money.
Puzzled by synthetic CDOs? Here's the simple explanation.
Christmas presents do get stranger every year. Netsmith could get his head around a voucher for a charitable gift, even a goat for Africa, but an abortion voucher?
They said that the press, the newspapers, were biased. And they were right!