IMF in global 'MELTDOWN' warning | |
Anonymous Coward User ID: 115732 United States 10/12/2008 01:26 AM Report Abusive Post Report Copyright Violation | Let me get this straight. This crisis began by lending money for home mortgages to people who couldn't repay the loan. And now, since rich countries and rich lenders are fearful to lend money to rich borrowers because they can't determine if the rich borrower can remain solvent to repay the loan, they are discussing loosening up lending by letting poor countries borrow money, who could never repay since they are poor. What next, lending billison to the Martians? |
Anonymous Coward (OP) User ID: 523724 Canada 10/12/2008 01:27 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 115732 United States 10/12/2008 01:29 AM Report Abusive Post Report Copyright Violation | |
Red Hot Chilean Pepe (nli) User ID: 523962 Chile 10/12/2008 01:31 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 115732 United States 10/12/2008 01:34 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 523724 Canada 10/12/2008 01:49 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 342148 United States 10/12/2008 01:55 AM Report Abusive Post Report Copyright Violation | The problem is not sub-prime. The problem is bankers and gov who modified lending rules to boost the economy via the housing bubble. The leverage rules were change from 12-1 to 44-1 or higher. Then these mortgages were bundled as triple aaa investments and leverage at 50-1. A slight downturn causes the whole investment to be worthless. Greed and government cooperation to remove lending laws is the problem. |
<October> User ID: 427959 Canada 10/12/2008 01:57 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 342148 United States 10/12/2008 02:14 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 524246 Canada 10/12/2008 12:08 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 524632 Canada 10/12/2008 09:59 PM Report Abusive Post Report Copyright Violation | |