BBC has the best description so far of why the subprime market implosion runs so deep.
Banks had got round regulators' rules by selling off their risky loans, but because so many of the securitised loans were bought by other banks, the losses were still inside the banking system.
This is Rob Meyer's weblog, a weblog focused on software development and system administration based on 10 years of experience. Want to explore further? You can find out more me or see the rest of my website.
Wondering if I've written on something in particular? Try searching:
You might want to take a look at some of the more requested postings (as judged by incoming traffic):
Want more? Subscribe to this site
or contact me at rob at big dis dot com.
See my writings on: