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I don't think that the apps themselves crashed the system. The greedy investors on the other hand did because the speculation on the app's valuation was complet
by LunaSea 12y ago
I don't think that the apps themselves crashed the system. The greedy investors on the other hand did because the speculation on the app's valuation was completely wrong.
- bko 12y agoIn the same sense "greedy" investors incorrectly speculated on the securities valuations, leading to an increase in price and lowering of underwriting standards in order to meet the increased demand. The actual products themselves were neither good or bad but just overvalued.