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Greenspan: It's Not Just a Crunch, Folks; It's a 'Credit Tsunami'

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I guess every crisis is about MONEY. Of course the impact is big that everyone could blame it on the bubble. I suspect bubble is created when something hits the profit, everyone rush for the same plan and profits, just like a trading company with many competitors.
There should be a system from the Government to investigate and to analyse how much money has been gone to certain industries and their rate of return to protect the interest of the public. As well as to define, how much is considered big? Of course, those who studied Master with topic Risk Management should come out with a solution. I wonder who create "Risk management / Risk analysis" as a subject in the education. Does it work? or does it just a gimmick in the education business?

Steven 3:00PM October 30, 2008

Even when he explains what he said nobody can understand the explanation any better than they understood what was originally said.

HillbillyBill of TN 8:15AM October 24, 2008

The REAL economy, here on the ground, has been predicting a bubble bust since 2004.
Didn't you see that home values were way beyond what folks make?
STUPID.
If I had known that putting my saving in a 401k meant that I could NEVER take it out, as I tried last October when I saw this coming, I would never have put my money there.
The only reason the stock market is still breathing is because folks like me can't take their hard-earned paychecks out. It's a HUGE ripoff.
From now on, take responsibility for your own money, if you ever have any again. That's why banks failed in the 30's, because people took back the responsibility for the care of their paychecks from the banks.

lisa of CA 11:09PM October 23, 2008