Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
In case you still don’t understand the credit crisis…
The Crisis of Credit Visualized
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- Location: Illinois
Assets - Liabilities = Equity + (Income - Expenses)
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Thanks for the link, Lippy. Simple and understandable.
"Adopt the pace of nature: her secret is patience." Ralph Waldo Emerson
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Boy is this good. The visuals are very entertaining.
The Incidental Economist (blog) :::: Austin Frakt (flesh)
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So people with more than one child that smoke cigarets are not able to pay back their mortages
50 years ago, the non smokers with the one child would have been the outsiders.
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http://www.nytimes.com/2009/02/20/busin ... nd.html?hp
U.S. Tries a Trillion-Dollar Key for Locked Lending
By VIKAS BAJAJ
Published: February 19, 2009
Credit cards, home equity lines, student loans, car financing: none come cheaply or easily in these credit-tight times. The banks, the refrain goes, just will not lend money.
But it is not simply the banks that are the problem. It is also what lies behind them.
Do what you will, the capital is at hazard ... - Justice Samuel Putnam (1830), as quoted by John Bogle (1994)
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fantastic visual - thanks for the link!
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Everything was going great until those overweight, cigarette-smoking sub-prime people with too many kinds showed up. All they are interested in is cashing their big fat welfare checks and making sure they have a steady supply of cigarettes and beer.
Noble bankers and politicians tried to help them out with affordable housing, but the greedy poor just could not be satisfied. Poor people are responsible for the problem; they should be the ones to pay for it.
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