Economics for dummies

11:32 p.m. 1 Comments

People want loan.
Bank gives loan too easily to people who can't afford it.
People buy house/whatever with loan.
People can't repay loan.
Bank takes house/whatever bought with loan.
Bank tries to sell it to get its money back.
Banks trying to get rid of houses at the same time.
House prices drop.
Banks don't get their money back.
Banks collapse.

El Cid Campeador

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

1 comentarios:

Ari dijo...

¿Por qué me suena tan conocido? , si...Estados Unidos.(Eso les pasa por hacerse los tercermundistas dando préstamos para casas...jodanse por boludos)