Thursday, 12 July 2007

250 Billion in Losses Threatens the Big Banks that financed the US Mortgage Brokers.

http://www.guardian.co.uk/usa/story/0%2C%2C2122573%2C00.html
Bad Debt USA. The economic recession/depression chickens are coming home to roost.

The US stockmarket is in peril from the report here. Their underlying economy is not strong to start with. Time will show us how things will play out. Probably not well for all of us in the global economy.

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