In the News

Why We Borrow Until It Hurts

By mmc_digg ⋅ April 4, 2008 ⋅ Email this information ⋅  Print this post ⋅ Post a comment

If the subprime mortgage mess has taught us anything, it is that we are leverage addicts. Nearly all of us are — from Northern Virginia, where we bought big houses with no money down, to Wall Street, where traders borrowed cash to make bigger bets on the housing market.

read more | digg story