Quote:
Originally Posted by Paul Markham
It was the dealers on the stock exchange floors buying and selling shares in things that were clearly over valued that created this crisis. You can't blame the crash of banks and investment companies around the world of the US creating the subprime mortgage market.
Plus the enormous deficits run up by Governments thinking bank profits would always pay for it.
Wake up yourself.
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Actually, it was Alan Greenspan's stupid ass who kept long term interest rates on ARMs incredibly low, causing a bubble. That's basically it. And stocks have been overvalued for about a decade because American people as a whole are both stupid and greedy so they keep buying up. Don't blame it on the brokers.