idiom
11-26-2007, 08:06 AM
Just watching the financial news and such.
Apparently with the news that pretty much every bank has been making like Enron recently, housing prices are set to drop by 30% nation wide.
Apparently the bankers are scrambling to find a way not to foreclose on 12 million people over the next year. Thats a lot of people out on the streets and the Fed can't do anything to help.
Basically the credit markets need some radical help. How many of the other candidates know what a senior tranche is?
There is a very very serious economic crisis looming and being tough on security is about to become really unimportant to voters.
Apparently with the news that pretty much every bank has been making like Enron recently, housing prices are set to drop by 30% nation wide.
Apparently the bankers are scrambling to find a way not to foreclose on 12 million people over the next year. Thats a lot of people out on the streets and the Fed can't do anything to help.
Basically the credit markets need some radical help. How many of the other candidates know what a senior tranche is?
There is a very very serious economic crisis looming and being tough on security is about to become really unimportant to voters.