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Old 10-08-2008, 11:57 AM   #5
GarfieldJL
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Join Date: Apr 2007
Posts: 1,856
Quote:
Originally Posted by mimartin View Post
Wow. What subprime crisis are you talking about? We have a credit crisis brought on by a number of factors one of which was subprime loans, but we do not have a subprime crisis in this Country.
The sub-prime loans is what caused the credit crunch. They are what caused the enormous number of people being unable to pay the mortgage payments.

That traces back to a court case in Illinois, as well as Freddie/Fannie.


Also another interesting source that is pointing out NYTimes lack of credibility: (is relevant to the topic)
http://timeswatch.org/articles/2008/20080926144706.aspx

Last edited by GarfieldJL; 10-08-2008 at 12:12 PM.
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