A few minutes to let you fully understand the current world financial tsunami!

by teoote on 2008-11-25 19:43:47

The most common official explanation for the financial crisis is the subprime mortgage issue. However, subprime loans amount to only a few hundred billion dollars, while the US government's bailout funds have already reached over a trillion dollars. Why does it seem like there's still no end in sight for the crisis? Some articles point out that the root of the crisis lies in financial institutions' use of "leverage"...