The Housing Crisis Unveiled

The housing crisis started to unveil itself, but it was after all those other new acronym type investment vehicle started to fail CDs is a CMO CDO and all that. So they were never regulated and so they spun out of control. When the economy started to stumble and people started to lose their jobs and they could pay the mortgage is when those that's when all those products started to fail right now. And you know, and if you don't believe me you should watch that movie, the big short. I watched it Yeah. They do a very good job of explaining how it all unwrapped.