If anybody asks you...

[DaveB]

so its greenspan's fault - he would only give investor's a 1% return? and investors could not buy equities because? or they could not invest in solar power, wind power, fuel efficiency schemes etc etc etc?

what kind of investors are these people who can only see treasury bills ($$$$)???

The investors in question were the pension fund managers and other investment managers who didn't want to take risks with their clients money.

Treasury bills are a risk free AAA investment, but at 1% made the returns extremely unattractive. So poor that the funds would have actually lost money on them by the time inflation is taken into account.

The CDO's offered by the banks were also supposed to be AAA rated investments but offering a 4% return, so the investors bought them in huge quantities. It all went down hill from there.

[BoredBloke]

solar power is new-fangled?

Surely not - the sun has been around for years - even up north