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wgadget
10-13-2007, 08:45 PM
Looks like Ron is right once again...We're in the beginning of a recession?

http://www.nytimes.com/2007/10/14/business/14bank.html?ei=5065&en=6489772aacb69342&ex=1192939200&partner=MYWAY&pagewanted=print
Vonhayek7
10-13-2007, 08:49 PM
Looks like Ron is right once again...We're in the beginning of a recession?

http://www.nytimes.com/2007/10/14/business/14bank.html?ei=5065&en=6489772aacb69342&ex=1192939200&partner=MYWAY&pagewanted=print

Many people are calling for a recession, not just Ron heh. Rick Santelli from CNBC crumbled a dollar bill on tv to show the dollar's worth. But this is just a preventative measure...what you need to look at is the mortgages getting pawned off to hedge funds to write it off their books. A lot of these companies are getting away with fraud and avoiding risk. That is the major problem right now.