Why US Mortgage Lending Industry Failed?
By magena
@magena (128)
Malaysia
September 30, 2008 2:12am CST
Longtime ago, US was the role model for stable financial institution, but that branding need to be modified to cater the current financial crisis US conglomerates are facing. Why is this happening?Enron was the initial world popular company gone bankrupt. Do you think US financial institutions are only portraying financial stability at the outer surface but deep under there are lots of loop holes?Should we follow US as the role model or ban them?
1 response
@stephcjh (38473)
• United States
30 Sep 08
U.S. economy is at an all-time low right now. It is very scary for us right now too. We are in so much dent and they do not know what to do since the bailout didn't get passed. I'm not sure if we will ever get out of debt ever again.
