feeling their pain. this is the biggest point drop that has ever been seen. we are in the midst of a serious financial crisis and the federal government is responding with decisive action. these guys have been gambling with the house money for years and it s our job to bail them out? the largest swindle in wall street history, and alleged 50 if you million dollar ponzi scheme by bernard madoff. you belong in jail, you criminal! the pardon is over. if there was any company that could make energy cool, it was enron. the texas energy broker treated electricity like any other commodity. it buys and sells billions of dollars worth of energy, every day. it s the largest company of its kind in the world. enron is a company that deals with everyone with absolute integrity. we play by all the rules and stand by our work. we mean what we say . ken lay was the original ceo, he ran enron when the company was created out of the merger of two pipeline companies. he seem
Groundcover for some very pernicious activities. in the last six months, americans have seen their investment shrink, property values plummet, and the country edge closer towards a recession, and at the heart of the problem is something called the subprime mortgage crisis. loans made to borrowers with low credit scores or no many money for a down payment, are commonly called, subprime mortgages, and the market for them has exploded in this country of late. there s some decent decent aspects of sub prime loans, an effort to reach people whose credit isn t as good, and effort to give them the ability to move up and reach the homeownership dream. like so much else, it starts as a good idea that eventually gets perverted. honestly, the history of the modern age of finance is that. washington has pretty much failed miserably for the last 10 to 20 years as the mortgage lending market has changed what washington has been concerned about is make it easier for lenders to give
To reach the homeownership dream. but like so much else, it starts as a good idea that et eventually gets perverted. the history of the modern age of finance is that. washington is pretty much failed miserably for the last 10, 20 years as the market as changed what washington has been concerned about is making it easier for lepders to make loans without requiring them to do some due diligence. it became possible to walk into a mortgage broker and buy a house with no provable income new york city assets and maybe not even using your real name. people are saying to themselves, huh, you re going to give me a mortgage when i don t have any money in the bank, when i don t have a job, when i can lie on my form and sign it and you ll give me the money any way give. ing me a free option to buy a home, i ll do that all day long. people love free options. one company considered an innovator in these risky loans and pursued that market was