Saturday, January 10, 2009

A comprehensive explanation of how the financial meltdown started and who is responsible. Good Read-Lou

It's so difficult to pinpoint one person or two people [for the economic meltdown]. It really was the whole system." -- Georgetown University finance professor Reena Aggarwal

Introduction

The financial markets' collapse -- broken down -- is a disgusting tale of enablers, exploitation, and ignorance...

......It's high time, then, to take a step back... and take stock of the "pointmen"... the players at the table in a trillion-dollar bet that led to the financial Collapse of the Century.

From the financial "mad scientists" who concocted the toxic instruments in the first place... to the brokers who peddled them... to the mortgage companies that baited wanna-be homeowners of all stripes... to the politicians and lawmakers who enabled the death vortex that the housing crisis would become... to the SEC, which left the door wide open.

On display below are some of the villains themselves... their crimes, abuses, mistakes, and ignorance... and their subsequent "golden parachutes...

Read Article Here:
http://www.wealthdaily.com/report/culprits-of-the-financial-crisis/375

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