In a recession, where economies contract, debts rise, people lose their jobs, homes, and meals, there is one group of people who flourish, are very busy, and will be the last to get out of a job. Guess who? ;)
Read today that Lehman Brothers has filed a Chapter 11 bankruptcy petition today. Can someone explain to me (in simple terms) what is this subprime mortgage credit crunch, why is it affecting the US economy... and whether it really is George W. Bush's fault!!