The Crisis in 10 Points - Robert Stewart - Mises Institute

Bob Stewart points out, "Until too late, no one in authority (regulators, risk managers, senior bank executives, credit-rating agencies, investment analysts) asked the key question, namely, how on earth was it possible in the long term to make profits by lending money to people whose chances of paying it back were practically nil?"

The Crisis in 10 Points - Robert Stewart - Mises Institute