Quote:
Originally Posted by jef
Too many loans were given to people who should not be getting any loans, they were not able to pay off their mortgages, which caused the housing market to collapse, which triggered other problems,... The general idea these analists have is that the country has been outrunning it's income for too long.
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This comment is correct. Too bad the media here in the states won't tell it like it is. I can almost guarantee you will not find a comment like this on yahoo finance, msnbc, reuters, etc. Maybe the Wall Street Journal, maybe. . .