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Old 11-08-2007   #16 (permalink)
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Re: Economics business.The Sub-prime Crisis. How bad is it?

Quote:
Originally Posted by InfiniteNow View Post
There's a deeper issue at play here regarding intentionality of bad policy decisions for short term individual gains. Like driving down a corporations stock so you can buy a bunch of it before "fixing" the issue that drove it down. Then, after you've acquired a tremendous amount while it was cheap, the prices go back up, and you've done rather well for yourself. All while the lower classes keep struggling just to survive, let alone finally get ahead.
Hi Infi,

And in a 'free' market, the new owners of those relatively cheap assets/stock don't necessarily have to be from your own country.

We've been there and done that.
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