Debate Politics Forums - View Single Post - The Subprime Mortgage Crisis: Some Thoughts

Goldenboy219 · 11-15-07, 01:36 AM

More proof that the feds monetary policy provides moral hazard. Wall Streets sub prime market is expected to take losses of nearly $130 billion.

Subprime Losses Could Reach $400 Billion - - CFO.com

A significant cash influx could lead to severe economic crisis parallel or even greater than that of early 1990's Japan.

11-15-07, 01:36 AM	#24 (permalink)
Goldenboy219 Misesian Join Date: Jan 2006 Last Online: Today 01:05 PM Location: Evansville Indiana Posts: 1,607 Thanks: 830 Thanked 195 Times in 155 Posts Lean: Libertarian Gender: Current Mood:	Re: The Subprime Mortgage Crisis: Some Thoughts More proof that the feds monetary policy provides moral hazard. Wall Streets sub prime market is expected to take losses of nearly $130 billion. Subprime Losses Could Reach $400 Billion - - CFO.com A significant cash influx could lead to severe economic crisis parallel or even greater than that of early 1990's Japan. __________________ Firing your head coach: -15 wins Trading Ben Wallace: +5 wins Youngest team in NBA: -6 wins Drafting Derrick Rose no.1 overall: Priceless