You mean like these? http://www.history-timelines.org.uk/events-timelines/15-credit-crunch-timeline.htm
http://news.bbc.co.uk/2/hi/business/7521250.stm http://en.wikipedia.org/wiki/Subprime_mortgage_crisis You are not paying attention if you think mortgage defaults had nothing to do with this mess. Of course, you have probably been getting your information from a different source, maybe this one: http://uncyclopedia.wikia.com/wiki/Credit_Crunch As far as the amount of money involved, the number or size of mortgages, defaults, etc. is not what is driving the size of the bailout. The $2 trillion worth of packages that Obama and the Democrats have created in the last month are an attempt to use the credit crisis to change the fundamental nature of the US economy to make government the center of economic activity. On Fri, Feb 20, 2009 at 1:00 PM, Gruss wrote: > > > RoMunn wrote: > > > > Bush didn't sell mortgages to people who could not afford mortgages and > were > > bad investment bets. > > Dude. That's all bullshit. If you actually took 10 seconds to get > your information from a credible source instead of that bullshit > you're always reading you wouldn't be so ignorant. Perpetually. > > So I"ll repeat the facts for you that you keep ignoring: > > 1.) The ENTIRE sub-prime market - every single mortgage - is LESS THAN $1 > T. > > 2.) Of that entire market, LESS THAN 10% are under right now. > > 3.) That means to solve the problem you keep harping on would cost AT > MOST $100 Billion. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:289421 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
