" title="LifeSiren"> LifeSiren

We are in a terrible mess economically at the moment. What started out as a hairline fracture (a credit crunch) rapidly became a hefty old crack (or financial downturn). Then of course the whole thing shattered into recession.

At the heart of the current recession is property investment, and dodgy lending practices, with the invention and almost viral distribution of complex derivatives called collateralised debt obligations (CDOs). The solution… Continue reading