五千年(敝帚自珍)

主题:关于葡萄最近一系列文章的读书笔记及对葡萄发帖的总结归类 -- 月下

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家园 key reason

1. private label securitization without gov. credit support.

2. shadow banking system without proper oversight and regulation, more importantly without liquidity backstop system.

后来被撞墙街利用吹泡泡--all forces work together and incidentally spinned into one of the biggest disaster. I do not think one or two men played God here to create this disaster at the beginning.

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