@monkeyman1140 No, Wall Street is falling apart because people bought a bunch of homes that they couldn't afford to pay off.
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At the same time, banks sold the mortgages to people on WallStreet, who got stuck holding the hot potato. Since the mortgages aren't being paid down, the mortgages that were sold aren't worth so much, and have a lower value because they have higher defaults than the credit rating agencies estimated (well, lied about).
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So it's "poor Jack and Jill, we need to help them!"
Reminds me of a line from "Hunt for Red October", "YOU IDIOT, YOU'VE KILLED US ALL!"
jpcabala 5 months ago
ROFL OMG LOL ROFL OMG LOL ROFL OMG LOL ROFL OMG LOL
technical010 7 months ago
@monkeyman1140 No, Wall Street is falling apart because people bought a bunch of homes that they couldn't afford to pay off.
.
At the same time, banks sold the mortgages to people on WallStreet, who got stuck holding the hot potato. Since the mortgages aren't being paid down, the mortgages that were sold aren't worth so much, and have a lower value because they have higher defaults than the credit rating agencies estimated (well, lied about).
.
So it's "poor Jack and Jill, we need to help them!"
fuzzywzhe 1 year ago
That was fucking awsome!
Sully1167 1 year ago
Watch here the full episodes:watch-heroes-episodes[dot]com
barneyangelina652 3 years ago
Yes.
papatoony 3 years ago
hahahaha always easiest to kick the dog. The amazing shell game.
diggersstory 3 years ago
bored? lonely? hit me up on my msg messenger !! my Live ID is jane21dame A
Grchaa 3 years ago
So we are to believe that Wall Street is falling apart because people bought big houses?
monkeyman1140 3 years ago
Must...have...granite!
papatoony 3 years ago