Those Chickens: The Economic Crisis and America's Poor and Struggling

Banks made greater profits on sub-prime loans because they could charge working class and near-power households more for their mortgages. They sold them in packages at higher prices to customers eager for extra profits. Everybody made out - except those purchasing the mortgages. Disaster was just around the corner. Full Story »

Posted by Kaizar Campwala
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Subjects: U.S., Business
Topics: U.S. Economy
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Posted by: Posted by Kaizar Campwala - May 6, 2008 - 10:42 AM PDT
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Chris Finnie
4.2
by Chris Finnie - Oct. 1, 2008

I don't usually like this publication. But I certainly make an exception for this piece. Clear, well-presented, and powerful--it demonstrates how badly our economy and economic institutions have let us all down. And how little our government has done about it.

See Full Review » (13 answers)
Patricia L'Herrou
3.5
by Patricia L'Herrou - Oct. 1, 2008

the importance of this story isn't necessarily in the numbers showing the financial institutions' 'chickens that are coming home to roost', but in the way they seem to be coming home--to a national desire for big change in political administration, something we haven't seen for many decades. maybe something better will come from bad policies.

See Full Review » (4 answers)
Kaizar Campwala
4.1
by Kaizar Campwala - Oct. 1, 2008
See Full Review » (11 answers)

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