Sunday, January 18, 2009

BBC NEWS | Business | Timeline: Global credit crunch

The credit crunch has turned into a real economical crisis. It took a long time to build up. How many years are we going to suffer? Barack Obama will start as a president on Tuesday 20. January 2009. People hope he'll get US on the right track again. He'll have a few years to find a way out. What should he and we all do to get the business world moving again?

BBC NEWS | Business | Timeline: Global credit crunch: "Most analysts link the current credit crisis to the sub-prime mortgage business, in which US banks give high-risk loans to people with poor credit histories. These and other loans, bonds or assets are bundled into portfolios - or Collateralised Debt Obligations (CDOs) - and sold on to investors globally."
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