Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $22,916
28%  
Woo hoo!! And we're now over 28%!! Thank you all very much!! God bless.

Keyword: charliechanman

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  • Subprime lending to trigger world’s worst financial crisis since 1929

    09/20/2007 4:55:46 PM PDT · by NYer · 603 replies · 676+ views
    Asia News ^ | September 19, 2007 | Maurizio d'Orlando
    "According to some US experts, some US$ 20 trillion in worthless securities exist, putting US and European banks are at risk. Asia should avoid the worse. A new North American currency, the Amero, is making news."> 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. Even if the Federal Reserve were to ease...