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erictjie (November 30, 1999 at 12:00 am)
i thought we already have financial crisis since year 2000
happy2b80 (November 30, 1999 at 12:00 am)
Absolutely brilliant. Thank you for making it easier for people to understand, hopefully this will encourage them to get out and read and take action to create positive change in the long term :)
Kalydosos (November 30, 1999 at 12:00 am)
Well done young man!
sludgewar (November 30, 1999 at 12:00 am)
Beautiful my man, well done!
purenirvana (November 30, 1999 at 12:00 am)
Quick question- Who is the first bank (the one that gives the mortgage) selling the mortgage backed securities to? It seems to me like this was all one massive gamble based on the value of homes always going up. Is this correct? Thanks.
gcalvanetten (November 30, 1999 at 12:00 am)
Thank you for explaining this to a financial nit-wit. The hats were particularly helpful.:D
ertreri (November 30, 1999 at 12:00 am)
what are the CDSs?do you mean to say the real big problem is the huge foreign USA debt? and the fact with unemployment on the rise, USA is about to see it's GBP fall down, while debt continues to rise?
artyphax (November 30, 1999 at 12:00 am)
Entertaining, but those mortgages only equal around $300 billion. The real problem is the $55 trillion dollars of credit default swaps. The mortgages were the spark that started the fire, but the CDSs are the jet fuel.
Sadie9679 (November 30, 1999 at 12:00 am)
I hope the whole world goes bankrupt, then tons of people wont have to pay their shit off for quite some time, if at all. Looks like we are heading in the direction of auctioning off Alaska to the highest bidder, maybe we shoudl take over mexico and sell it too. Time to sell off or at least trade off our national debt, the world reserve own america. Back to the Un-united Stateful classes of American't make an honest deal with anyone. USCA-mahdwa. There is a nice american-arabia country abbrv
Sadie9679 (November 30, 1999 at 12:00 am)
unfair interest rate, and unfair taxes are to blame, both in the hands of the goverment, then they try to sell that the people is living out of our means, well if they did a good job, quit trying to globalize and commericailize , practiced what they preached, then we would have jobs and increasing saleries, they make us live out of our means. What i shoudl sell my house move into a mobile home because they made my job go oversees, deflated my investments, spend more, fuck that |
