X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

As we sink into the muck of what looks like a bad recession, the financial structuring geniuses and government leaders who enabled them keep doing a neat tap dance. They conveniently continue to blame a subprime-induced credit crunch for all this impending travail.  Yes, financial gridlock has been caused by all those poor people who really couldn’t afford homes in the first place and who shouldn’t have taken out those subprime mortgages. Yes, it was poor people, striving for something beyond their limited means, who precipitated all those problems with highly leveraged bonds, backed by those bad subprime loans. And now, everyone is scared to invest in anything.   

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.