We Interrupt This Campaign for a Financial Meltdown

Fannie and Freddie? So last week. Yesterday it was Lehman Brothers going down, Merrill Lynch being sucked up by Bank of America, and AIG holding a $40 billion gun to the head of the Fed.

That would be AIG, “the nation’s largest insurer”, collapsing by Wednesday if its credit rating slips a notch this morning.

And all because you — yes, you — took out an exploding mortgage to pay for your exploding credit-card debt to cover your exploding student loans to get into a good college so you could enjoy financial freedom for the rest of your life.

You should be ashamed of yourself.

A Chaotic Sunday Opens Wall Street’s Week [WSJ]
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