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The subprime mortgage crisis just the beginning?
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Nehmi
spectre of humanity


Member 684

Level 18.92

Mar 2006


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Old Apr 22, 2008, 07:38 AM Local time: Apr 22, 2008, 07:38 AM #1 of 13
That, and guns. I think the whole country would be better off if everyone spent their $600 check on guns & booze. Both are of very high value in a barter economy which may be coming after people can't afford food anymore. Everything that I've read about on the sub-prime crisis indicates, to me, that most investment banks that even touched these things are gonna be insolvent. I mean look at the shit going down... we've got the Carlye Group tanking, Bear Sterns almost crashing the economy (thanks fed for accepting worthless bonds as collateral for your loans), and inflation is just freaking going crazy thanks to all this money being pumped into the system. I wonder which is worse, a depression based on deflation or inflation?

Jam it back in, in the dark.
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Exploding Garrmondo Weiner Interactive Swiss Army Penis > Garrmondo Network > Political Palace > The subprime mortgage crisis just the beginning?

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