Loretta Keller: Melting Down an Economic Iceberg

Summary

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I'M just a babe in the woods in the area of sophisticated finance. When I hear the word meltdown, the image that comes to mind is that of an iceberg crashing into the sea. Maybe that's because I can't keep my cool when I research the extraordinary monetary crisis we're experiencing.

So I'm hoping someone a lot more knowledgeable than I will write "The Economic Meltdown for Dummies" in a way that will help me keep my anger in check.

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Loretta Keller: Melting Down an Economic Iceberg

I'm angry at the many homebuyers who felt entitled to houses they knew they couldn't afford. I'm upset by the lenders who first encouraged them to buy, with variable-rate mortgages, without good credi...

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