Discussions on housing and the economy
I believe that banking institutions are more dangerous to our liberties than standing armies. If American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. -- Thomas JeffersonFrom CNBC – A video primer on CDOs and Sub-prime mortgages.
If you wonder why the growing fuss over CDOs because of sub-prime mortgage fallout, you need to see this. If you wonder how hedge fund investors can loose everything, now you know.
posted by Vern Wichers at 1:15 PM
Subscribe to my feed
0 Comments:
Post a Comment
<< Home