Re: Too late for the existing subprime meltdown / too little for the next one
posted on
Mar 13, 2008 05:31PM
Paul, Paulson believes in a strong dollar . I think we are in a big mess down here in the USA. I think they are trying to keep people in their homes because they can't legally take them away. Two bankruptcy judges have recently ruled unless the mortgage holder can be identified the homeowner cannot be evicted. Once everybody figures this out everyone will default. They have levearaged and split these home loans so many times they dont know who own what. They have peddled this junk as AAA. THis is all stuff you know and I know but the average Joe down here hasn't got a clu. THey believe the spinmasters