Its more complicated than that. US Property prices were rocketing, CDO's were taking subprime mortgages mixing it with prime giving you a "beef pattie" whilst being rated by the agency's as steak. Unlike Europe, the US…
Its more complicated than that. US Property prices were rocketing, CDO's were taking subprime mortgages mixing it with prime giving you a "beef pattie" whilst being rated by the agency's as steak. Unlike Europe, the US…