bogus banking

Monitoring The Sub-Prime Crisis

WO ARTICLES from the Atlantic Monthly bear notice. Here is a strident look at that housing strata may very well be welling up as the next wave of American slums—not the cities, but those isolated suburbs of abandoned McMansions. Then there is this long piece dissecting and analyzing a rather comprehensive set of notions impacting the history of past economic stresses and their continued impact upon the current financial meltdown in How the Crash Will Reshape America: In this sense, the financial crisis may ultimately help New York by reenergizing its creative economy. The extraordinary income gains of investment bankers,...

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