Stock Trading and Other Things

Why were Bankers and stock brokers allowed to create all these new sub-standard securities?

These debt securities they created backed by re-packaging weak mortgages and caused all this turmoil in the markets. Why did the government and Greenspan do nothing about it?

Public Comments

1. Because they wanted to sustain the housing bubble, which in turn boosted consumption. home equity credit line, for some families that was an extra 3000/month. Now with house prices dropping thats money that will be missed.

2.