Follow Slashdot blog updates by subscribing to our blog RSS feed

 



Forgot your password?
typodupeerror
×

Comment Re: is anyone really surprised here (Score 1) 201

Prices are set at the margin, so any new and additional borrowed capital chasing the existing market-share will catalyze a boom in prices.

Where the banks failed is in assessment of borrower's capacity to service. But rising prices combined with the government-sponsored protection that is the mortgage, meant that moral hazard was the order of the day.

Slashdot Top Deals

Anyone can make an omelet with eggs. The trick is to make one with none.

Working...