Everyone is concerned about how the Wall Street woes will affect their financial future. American's have always figured out how to solve the problems we face. It just takes awhile. In the meantime, there are some important lessons to be learned.
How did this catastrophe happen? In simple terms, lenders were allowed to create a new type of mortgage that gave money to people on Main Street without asking for proof they'd be able to pay their loans, and now many can't.
But for awhile everyone was happy because these...
| This story has expired! You can purchase the full text in our news archives. |
If you encounter other problems, please email nlundskow@capitalgazette.com and include your name, username, and any errors or messages that are displayed. The more information you can provide, the better able we will be to assist you.
In order to post or vote on a comment, you must be signed in with a hometownannapolis account.
Take a look at a summary of Commenting Guidelines.
If you encounter other problems, please email nlundskow@capitalgazette.com and include your name, username, and any errors or messages that are displayed. The more information you can provide, the better able we will be to assist you.