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Subprime lending to trigger world’s worst financial crisis since 1929
Asia News ^
| September 19, 2007
| Maurizio d'Orlando
Posted on 09/20/2007 4:55:46 PM PDT by NYer
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To: GovernmentShrinker
I think the machinations of the central banks to forestall the “show starting” is why folks like us are perplexed. There’s lots of backroom wheelin’-dealin’ going on that isn’t being reported.
61
posted on
09/20/2007 6:32:25 PM PDT
by
NVDave
To: decimon
I can’t believe people believe this crap. Is this FreeRepublic, or some fringe kook website?
Get a grip, people, you’re starting to look really silly here with all this talk about the “Amero.”
62
posted on
09/20/2007 6:33:00 PM PDT
by
VegasCowboy
("...he wore his gun outside his pants, for all the honest world to feel.")
To: karnage
Templars won. They rock. I thought they were forced to disband, had their assets seized and were persecuted mercilessly?
I've never been able to fully grasp softball.
63
posted on
09/20/2007 6:34:33 PM PDT
by
Chanticleer
(I want God, I want Poetry, I want real danger, I want freedom, I want goodness, I want sin.)
To: Clintonfatigued
The only candiate to have warned about this for quite some time is Ron Paul who has repeatedly pointed to the dangers of the Fed’s low interest rate policy.
To: Conservative4Ever
I think the next wave will be “Alt-A” loans, which include non-conforming (ie, jumbo) and “stated income” loans. These might have been made to people with good FICO scores, but the borrowers are often over-leveraged (eg, the typical real estate flipper in Vegas or California) and when the ARM’s start adjusting upwards as the buyers are drying up (due to increased lending standards), the people carrying some of this Alt-A paper are going under. It will be fewer people than in the sub-prime space, but the amount of money per defaulted loan will be higher than in the sub-prime space.
65
posted on
09/20/2007 6:36:36 PM PDT
by
NVDave
To: nicmarlo
We been talking about this for quiet some time now and we’re always scoffed at and ridiculed. Is the worm turning?
66
posted on
09/20/2007 6:39:39 PM PDT
by
processing please hold
(Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
To: RockinRight
67
posted on
09/20/2007 6:39:56 PM PDT
by
decimon
To: Chanticleer
I've never been able to fully grasp softball. Thankfully not everyones are soft.
68
posted on
09/20/2007 6:40:38 PM PDT
by
carlr
To: NYer
According to US financial analyst Mike Whitney[1], a mountain of unfunded, unregulated paper worth more than US$ 20 trillion might be out there [2]. Apparently, no one, neither the general public nor professionals on Wall Street, has yet to realise the extent of the hole, a hole of 20 trillion dollars with no market, nor value.
So, this guy claims $20 trillion "might be out there." Sounds scary!
With a bank crisis looming on the horizon, an odd piece of information is becoming news. As unlikely as it may seem, the United States along with Canada and Mexico, appears to be getting ready to launch a new single currency: the Amero.
This is indeed an "odd" piece of information. Just where is this "becoming news" (besides on kook web-sites and in spam e-mails, of course)? What's that? No where? Yeah, that's what I thought.
However, far from being a simple monetary union, the operation is likely to mean a de facto US annexation of the rest of North America.
Imperialist pigs!
Does any thinking person actually take an article like this seriously? This is absolutely absurd.
69
posted on
09/20/2007 6:40:57 PM PDT
by
VegasCowboy
("...he wore his gun outside his pants, for all the honest world to feel.")
To: processing please hold
Well....many are still denying or in denial, of course.
70
posted on
09/20/2007 6:41:35 PM PDT
by
nicmarlo
To: NapkinUser
Uh oh, you mentioned Corsi’s name. I’m waiting for his number one fan to get here. /sarc
71
posted on
09/20/2007 6:42:00 PM PDT
by
processing please hold
(Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
To: VegasCowboy
Is this FreeRepublic, or some fringe kook website?Yes and sometimes, respectively.
72
posted on
09/20/2007 6:42:39 PM PDT
by
decimon
To: Toddsterpatriot
This seems right up your alley, toddster. I’m disappointed you’ve yet to slap this around.
73
posted on
09/20/2007 6:42:49 PM PDT
by
VegasCowboy
("...he wore his gun outside his pants, for all the honest world to feel.")
To: NapkinUser; hedgetrimmer
It appears Jerome R. Corsi may have been right the whole time. Didn't you get the memo? If Corsi ever says or writes anything, it's automatically wrong. And anyone who happens to repeat what Corsi happens to says, from independent sources, or through independent verification, is wrong.
74
posted on
09/20/2007 6:43:55 PM PDT
by
nicmarlo
To: carlr
75
posted on
09/20/2007 6:44:24 PM PDT
by
Chanticleer
(I want God, I want Poetry, I want real danger, I want freedom, I want goodness, I want sin.)
To: nicmarlo
Well....many are still denying or in denial, of course.I guess when they wake up and some curious looking money is in their wallet they might get a hint.
76
posted on
09/20/2007 6:44:55 PM PDT
by
processing please hold
(Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
To: Chanticleer
77
posted on
09/20/2007 6:46:42 PM PDT
by
carlr
To: decimon
FR is beginning to look like an asylum with the inmates in charge.
Seriously, FR has been infiltrated by left wingers, dems and god knows who to disrupt. First with divisive provocative undermining and now with general kookery.
What on earth has gotten into FR,,
78
posted on
09/20/2007 6:47:03 PM PDT
by
cajungirl
(no)
To: nicmarlo
You mean, like the independent verification of the Amero that proves it’s just a fake collectible coin?
79
posted on
09/20/2007 6:47:29 PM PDT
by
RockinRight
(Can we start calling Fred "44" now, please?)
To: Perdogg
Actually the Trilaterals won the tournament 13-12 on a pinch hit single by David Rockefeller. ;)
80
posted on
09/20/2007 6:47:30 PM PDT
by
Mr J
(All IMHO.)
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