Is the US sub-prime mortgage bazaar REALLY the create of the Credit Crunch?
Answers:
Yes, it's one of the key causes.
The USA is usually at the heart of most of the world's problems, the current financial crisis included. Source(s): The USA sneezes, the world catches a cold.
yeah but it's not really discussed as it might cause racism
sub-prime is a fancy route of saying mortages for blacks and hispanics who would otherwise not have gotten a mortage
liberal politicians contained by the states tried to get more minorities to own their own homes (not a bad idea) but what the liberals slipshod to realise is that this wasnt a race issue and the reason that those populace didnt get mortages was because they be less likely to pay packet it back not because of their race
in good health guess what they didnt pay their mortages which meant the bank reclaimed all those homes, which caused house prices to drop which also expected banks made a loss of those loans and all the bank money was tied up in property description they had no money to lend to people to buy the homes the bank owned and the rest they say is history
One of the causes
No.
Gordon Brown was stupid enough to listen to his financial guru Ed Balls and stop the bank of england from regulating the city financial institutions.
This led to a free for adjectives including treating every home in the country as investments and collateral.
In fact numerous scam which everybody bought into....Billions of pounds of monopoly money which only existed on balance sheets.
The bottom file is that all governments are bent as nine bob transcript and corruption is the name of the game.
no - its all to do next to derivatives and the fact that the money isnt based on anything. the belief that loads of people that couldnt pay fund their loans caused the financial collapse of the world economy is stupid.
the bank print money and lend it to the country at interest - the only way to compensate it back (the money lent plus the interest) is by printing more money. this causes inflation and so the appeal of the currency goes down. eventually (as is the case contained by england) the interest must be set at 0% to stop accumulating more debt. but now the financial discount has pretty much collapsed as everybody is in huge debt. this be done deliberately in instruct to introduce a global reserve currency. and hey what do you know at the g20 summit they gave $1.1trillion to the international monetary fund. adjectives countries involved in this bullshit surrender their sovereignity and depend on international relations. taxpayer money is being given to greedy bankers and not put into production to further the stipulation for these international ties, making the countries involved dependent on foreign imports. this is a step the globalists are taking towards the implementation of a one world political affairs, and all the countries in the g20 are within on it.
Absolutely !
A lot of the UK financial institutions invested int he US 'sub-prime' bazaar - with disastrous consequences !
i don't think so --
the banks be kind of orchestrating this crunch for a while singular nobody noticed ..
there is a big plan out within and this is exactly what they wanted --
now the govts can brand name the ppl pay for all the shortfall surrounded by their coffers and federal reserve
its quite evil what's going on ...
u notice that the rich bankers are not paying a penny for the crisis, contained by truth they are filling their pockets to the maximum
its the common man already beneath severe losses having to fork out to save these crunch
do you see any of the govt ministers or the bankers paying out to accumulate the nations anywhere?
its daylight robbery and no one seem to stand up and call out...
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