The Financial Crisis

Posted August 13, 2017 7:13 pm by Bishop Thomas Dowd

I could not help but notice that many of my readers feel somewhat befuddled by the financial crisis that is going on.
You are not alone, of course. Reading other internet blogs, for example, I can sense the rising tide of confusion and anger.
As for myself, before I went into the priesthood I got a degree in international business and finance. I’m often therefore called upon to “translate” economic news and events for my friends into ordinary language.
The origins of this economic problem come from institutions making bad loans. To be honest, this happens all the time – every loan is

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