VNOUG.ORG

Hei

After the investment-bank Lehmann Brothers' bankrupt I September, has the financial crisis spread to the whole world, and caused one of the biggest financial depressions in the murderers time.

The share markets have gone through one of the largest stools ever.

Some country the home interests are higher than somebody wishes, because of the problems at the money market.

The price of house falls, the work-apartment is on the way up and some currencies has fallen in value powerfully.

Now the question where is deep the depression stays and where for a long time it'll last.

Goverment of the world over rates astronomical amounts on moderating the fall.

Well politicians, greedy banks and naive consumers must divide the responsibility for it that has happened.

Cheers

Davu

The Wall Street Journal
Sign of the Times: National Debt Clock Runs Out of Digits
http://blogs.wsj.com/economics/2008/10/ ... e-times-2/

U.S. NATIONAL DEBT CLOCK
http://www.brillig.com/debt_clock/
http://zfacts.com/p/461.html
http://www.widgetbox.com/widget/national-debt-clock

U.S. debt: $30,000 per American
http://www.usatoday.com/money/economy/2 ... debt_N.htm

The Iraq War Will Cost Us $3 Trillion, and Much More
http://www.washingtonpost.com/wp-dyn/co ... 46_pf.html

National Debt Soars $500B In Under A Month
http://www.cbsnews.com/stories/2008/10/ ... cs_4562416

U.s. National Debt Grows To Large For National Debt Clock

Hei,
Let me assume the story began:
1. In 1992 President Bill Clinton will give more of Usa's poor minorities of possibility to borrow money for purchase of own home.
The American government forces the state-controlled credit associations to have a certain share customers with low income.

Will be continue tomorrow.

Regards

Davu

Let's see how "In 1992 President Bill Clinton will give more of Usa's poor minorities of possibility to borrow money for purchase of own home" started the "Financial Crisis"?

Very interesting indeed!

Hei

Episode 2 : American Family get loan

Clearly, all of you will also have your own house, said President Bill Clinton.
American family finds their dreaming house and ask loan in the local bank. Although that family has for low income and thus the bank give them a loan with 25 years down payment. Even that family are not one time asked about they have full time job.

Neste episode : The bank sell the loan to Fannie Mae

Cheers

Davu