A Short Take on the Financial Crisis

In a nutshell.... here's what's happened.... according to Brian Yap (yeweni).

1. A person in the great depression decided the government should lend money to those who the banks would not.
2. A person many years later decided to sell these loans to the banks.
3. A banker many years later decided to guarantee these loans.
4. Many people many years later discovered that there was a reason why it was the government making these loans and why the banks would not.