Mon 17 Mar 2008
August 21, 2009
There is an old saying, “The jug goes to the well until it breaks”. The jug started to break as recent as last year, in March 2008. One of the large American investment firms, Bear Stearns, went belly-up in the wake of a crisis of the world’s financial markets. This crisis was caused by a lack of regulation and oversight of the US mortgage industry during the 8 years the administration of George W. Bush was in office.
Click to continue reading “How it all began”
