Monday, December 10, 2007
U.S. Mortgage Crisis Rivals S&L Meltdown
Today's Wall Street Journal has a lengthy article about the subprime mortgage crisis.
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About Me
- Dr. Malcolm C. Harris, Sr.
- This weblog is written by Malcolm C. Harris, Sr. Dr. Harris is a Professor of Finance at Friends University. He teaches finance, business strategy, and market research.
1 comment:
I believe that when looking at the past we can see that the banking industry was blown wide open in 1994 and people were given mortgages that wereabove what they could handle and now the market was filled with bad debt.
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