Credit Crunch - UBS Rights Issue

Greed is what caused me, and so many others to lose so much money and or equity back in the Crash of '89 and now it is greed by the institutions

Blinded by the cash prompted buying the bundles of sub prime mortgages from the US or UK by investment managers brokers and deal makers

Folly is what burst their bubble - did they not stop to think it might not go on forever?

Did they actually think it would continue?

As someone interviewed on TV last evening said, anyone who thinks it does not effect them is wrong, right up from the lowest of us through to the millionaires will be effected - its just that more of 'us' rather than 'them' can afford to be as adversely effected as we will be