http://www.switched.com/2008/09/19/why-computerized-financial-simulations-failed-to-save-wall-st/ Switched Comments for Why Computerized Financial Simulations Failed to Save Wall St http://www.switched.com/media/feedlogo.gif http://www.switched.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.switched.com/2008/09/19/why-computerized-financial-simulations-failed-to-save-wall-st/http://www.switched.com/2008/09/19/why-computerized-financial-simulations-failed-to-save-wall-st/So loans had to be made to those that could not afford them in the first place.
This was the prime mover.
It was followed by a run up of home values far in acess of what they were worth.
Homes worth 30,000, at best, suddenly became 45,000 on up.
The values placed on property also went sky high to pay for programs enacted by the Government.
Since this was a governmental problem to begin with, its only fitting that the Government pay for it.]]>Sep 20th 2008 1:41PM