1. The Securities and Exchange Commission said Buy Bad Debt in 2004.

2. Lehmann Bros. crashes due to too much bad debt which starts the housing crisis (Fannie and Freddie had too much fun)

3. Bush asks for 700 Billion dollar bailout to curb collapse


any questions?   chicka:)

Add A Comment

Comments:

confu...
Jul. 19, 2009 at 10:24 PM

That about sums it up.  Trying to come up with a "Plan B" for myself to survive...

Message Friend Invite

Want to leave a comment and join the discussion?

Sign up for CafeMom!

Already a member? Click here to log in

Advertisement