1 Comments
- inactive, on 04/12/2008, -0/+1The majority of subprime loans are repaid without problem. It is a few who have caused a problem. What really caused the meltdown was the increase in ARMs plus the specualtors who financed more than they could afford to try to cash in on the housing market.Add to that the corruption of the banking system and you see why the economy is slipping.
Thanks for the link, I found it informative



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