sub prime

Can someone please enlighten me about whats actually going on, Im not stupid, but i really dont understand much about politics and economics and whats going on with the banks here and in America. Ive seen it on the news, but i would love to know what its actually going on in simpler terms as...

http://news.bbc.co.uk/1/hi/business/7615931.stm Another business goes under. Blamed on the 'Credit Crunch'. Is that an over-simplification of it all. The world is having a bit of a 'bad time' but we have had a number of years of 'good time' before. Is it just bad planning? Banks lending to...

For the last seven years people have been predicting a UK house price crash. It seems in the last couple of months the US Housing market has started to get into trouble and the banks have got jittery which in turn is affecting global markets. http://news.bbc.co.uk/1/hi/business/6939757.stm So...