Why We Borrow Until It Hurts (Washington Post)
Story date: 2008-03-22 10:47:50
Added on: 2008-03-22 11:35:11
If the subprime mortgage mess has taught us anything, it is that we are leverage addicts. Nearly all of us are -- from Northern Virginia, where we bought big houses with no money down, to Wall Street, where traders borrowed cash to make bigger bets on the housing market.
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