Article by WisestSage posted in Singapore Kopitiam. He puts everything about the collapse of subprime loans, minibonds etc in a simple way for all to understand. Greed, corruption, collusion, irresponsible govts and rating agencies are all accomplices in this fiasco. Now it is a case of blame game and see who ended with rotten eggs in the face.
In recent months when the subprime-related
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