Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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Tuesday, October 07, 2008
Wall Street's Shadow Market
Steve Kroft looks at some of the arcane Wall Street financial instruments that have magnified the economic crisis - Hat tip FoFoa
"They did it all on their own," Partnoy agrees. "That's the most incredible thing about this crisis is that they pushed the button themselves. They blew themselves up."
3 comments:
"They did it all on their own," Partnoy agrees. "That's the most incredible thing about this crisis is that they pushed the button themselves. They blew themselves up."
The name wall street should be replaced with the name shadow street
Interesting news fine story.
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