Sunday, November 16, 2008

Financial Crisis, Housing Crisis, Recession, Budget Crisis, What It Means to Your Financial Planning | Personal Finance Blog, Online Money Management, Budget Planner and Financial Planning -:
Almost overnight, the talking heads went from perpetuating the euphoria of investors to rushing to pronounce the economy dead. Last year, when lenders started dropping like flies as foreclosures rose and margins were called, the problems of Wall Street became more and more apparent, and lending guidelines were tightened to the point that many individuals were stuck in their time-bomb loans, and thus began a vicious cycle. But what led to this? Here is a visual guide to help you understand the events leading up to the bailout.

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