by Steve Fleming on October 06, 2010
The mortgage crisis is an ongoing economic problem plaguing the housing and banking markets.
When something bad happens, it's not long before we, as a society, start looking for explanations. In the instance of sub-prime mortgage mess, there is no single party or individual to point the finger at. Instead, this debacle is a collective formation of the world's central banks, homeowners, lenders, credit rating agencies, underwriters, and investors. The video link below is a cartoon which may help explain the sub-prime mortgage crisis. We can cast blame all day long, but the real question at the end of all of this is "What’s the solution?"
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