Thursday, October 4, 2007

The Con That Turned the World Against America

How greed almost triggered a global financial collapse—and why we can expect the fallout to continue. By Robert Morley [link]

theTrumpet.com
The world is approaching an end of an era. America’s moral collapse now lies exposed to all—a virtual death sentence to an economic system based on trust. Confidence lost, America’s reputation as a financial safe haven is being replaced with subprime status—and as foreigners have found out, subprime risks just aren’t worth it.
I wonder where/how this is going to end...

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