zaterdag 25 oktober 2008

Don't blame it on bad mortgages

About a decade ago, deregulation and globalisation, induced a decrease in the bank's service sales income. Until then they could - without much risk taking - make a sound profit from trading stocks or underwriting and selling bonds for other people and institutions. In order to adapt, the banks started taking (huge) risks of their own and thought that they could spread the risk around. If it had not been bad mortgages, it would have been other adventurous risks that would have brought banks down.

Aurélie Demunter

Source: http://www.city-journal.org/2008/eon0102ng.html
Gepost door op

1 opmerking:

Steff zei

Fine and coherent - but too much literal 'borrowing' from the source text. Could be considered plagiarism...
Details:
- no comma after 'globalisation'
- bank's should be banks' (plural)

14 november 2008 om 01:50

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