The Next AmericaTechnology, Business, Military Affairs, Education, and a touch of PoliticsThe Subprime Crisis- August 25, 2007 My first thought is that the system worked. The system where hedge funds and certain other things (like toxic waste CDOs) are limited to high net-worth individuals and institutions. For all the market problems, normal investors haven't been affected (unlike...http://stafford.typepad.com/the_next_america/2007/08/the-subprime-cr.html |