A MUST read on the financial crisis

[tubs]

Certainly opened my eyes...

http://www.makepeacetotalpackage.com/clayton-makepeace/a-conspiracy-of-imbeciles.html

 

[craigb]

alot of finger pointing going on , more fabrick in this,www.chrismartenson.com, this ,as he calls it the crash course, this will knock your socks off,?

 

[boomtown]

The monthly payments on more than six million adjustable rate mortgages with an estimated face value of $1.2 trillion are poised to reset in the months ahead. Some of the payments on these loans are expected to more than double. And many of them on homes that are no longer worth anywhere near what buyers owe on them.

I love moronic Americans and their balloon mortgages. Pop.

And every American child and even the as-yet unborn will suffer the consequences and pay the price for decades to come.

Rofl. The unborn are in credit stress now.

No offence Tubs - the commentator you linked to is a bit of a twat. There has been a Republican president for 7 years straight now - to blame this on the Democrats is a bit much.

 

[Aaron Sice]

agreed ^^^ !

still, was a good read. explained in laymans terms very well.