Quote:
Originally Posted by tw
These problems were predicted.
|
I agree. People were talking, (and writing) "The Real Estate Bubble", for a hell of a long time. Everyone knows that "bubbles" inevitably pop, so like you said, it was just a matter of when.
But that said, the general public was mostly unaware how the mortgage market was polluting the other financial institutions, although the people whose business is the money game, and those that are supposed to be keeping an eye on them, sure as hell should have known what was happening.
