I am pleased to say that I do have a fairly solid understanding of what has gone wrong in the credit crunch. I don't believe that I have made any significant misstatements to date. I get the following from The Belmont Club - a summary of the causes and effects of the crunch. The example is first rate and for a good fifteen minute read, you can find all of the pieces and how they fit together.
Download Credit_Crunch_Report.pdf
The Report is what a board of accountants in Australia is telling its membership.
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