KTC, did you read that and do you understand English?
"However, these factors would not have caused the current crisis if 1) the real estate market continued to boom and 2) homeowners could actually pay their mortgages. However, because this did not occur, these factors only helped to fuel the number of foreclosures later on."
"Call it a natural extension of capitalism, where greed can inspire innovation, but if unchecked, major market forces are required to bring balance back to the system."
"Any lessons learned aside, Wall Street will continue to seek new ways to price risk and package securities, and it remains the duty of the investor to see the future through the valuable filters of the past."
So how much did you lose?
| 