(1888PressRelease)
May 05, 2009 - Katherine Davies, President at Morgan Singleton Associates in Seattle said “Wall Street sold subprime mortgage sewage and blamed the media and regulators for missing the danger.
“I think that virtually everybody associated with the financial world contributed to it,” Davies said of the crisis. “Some of it stemmed from greed, some from stupidity, some from people saying the other guy was doing it.”
Home foreclosures have advanced to a record, U.S. unemployment rose to its highest in 25 years and Berkshire shares plunged 31 percent since shareholders gathered at Omaha’s Qwest Center arena last year. The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the recession.
Morgan Singleton Associates are highly respected within the financial community and have been providing accurate evaluations for over three decades. Working alongside Industry leaders Morgan Singleton Associates recognizes the dramatic need for major changes, with a passionate commitment to business growth.
Morgan Singleton Associates provides a full range of integrated services and products simultaneously directed at producing strategically predetermined business and cultural results. We bring together a broad range of talent and resources with a passion for integrity, continuous improvement and the desire to make a difference. This results in prosperity for our customers, society and ourselves.
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