This letter is associated with the following article:
Letters
Friday, August 17, 2007 12:00 AM

Panic on Wall Street

You've heard about the home-loan bust, but do you know your derivatives from your tranches? Read Salon's easy guide to understanding the current market freakout.
By Andrew Leonard

Read other letters about this article

  • Thursday, August 16, 2007 07:34 PM

    Hilary to Blame?

    I remember watching a Frontline documentary on PBS about the credit card industry. The program detailed a bill - sponsored by New York Senator Hilary Clinton, among others - that de-regulated the business of borrowing in ways that, to my mind anyway, amounted to the legalization of loan-sharking; such as minimum payments so small that by paying them you sink deeper into debt; loans to high-risk borrowers at rates like 25 or 30 per cent; etc.

    And now...

    Jason Moss

    Eugene, OR

    —Armagednoutahere Read Armagednoutahere's other letters

    Flag
Read other letters about this article

Most Active Letters Threads

523

The crazy, irrational beliefs of Muslims

Tom Friedman explains the real problem: stupid Muslims think the U.S. is about war and aggression.
Glenn Greenwald Read article
426

A key British official reminds us of the forgotten anthrax attack

A vast array of establishment and expert sources do not believe this episode was really resolved.
Glenn Greenwald Read article
416

The face of rotted Washington

Evan Bayh demands more debt-financed war - fought by others - while boasting that he's a stern "deficit hawk."
Glenn Greenwald Read article
210

Is Obama's civil liberties record understandable?

Was it unreasonable to expect him to adhere to his commitments regarding the Constitution?
Glenn Greenwald Read article
185

Bigotry wins in Switzerland

By voting to ban the construction of minarets, Switzerland apes the most extreme intolerance in the Muslim world
By Juan Cole Read article

View all »

Letters Help

Currently in Salon