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Sound eerily similar to what's happened in the mortgage backed securities market. Well, it just goes to show you that though times may change, people don't.
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Comments
[...] Meltdowns happen – Curious Investor provided some perspective on this – times change but people [...]
Oh Curious One
Over t trainee trader I see your blog is ranked at genius level. I think it may be all the fine print in your blog. If you use a loarger font, it becomes more readable to the preschoolers!
Anyways, I was glad only to have a high school grade level.
John Bougearel
SuccessfulTradingTips.com
Haha, thanks for the tip. I have been meaning to give this blog a face lift. I’ve just been so busy lately. It’ll be coming eventually and larger font is definitely on the to-do list.
[...] my last post comparing the Savings and Loans Crisis in the late 1980s to the current Subprime Mortgage Crisis, you might have gotten the impression [...]
Great history lesson – and source of flashbacks for those who are old enough to remember those days.
The lending environment out there really does remind me of the early 1990s. The silver lining is that once all that excess and the following pessimism was worked out, the markets did settle in for quite a nice little rally.