
Even without many people being able to notice it, the fact is that the current mortgages that are being given at a high speed in the whole US could easily lead to the "bomb" effect that many economists have been talking about. The fact is simple, if we continue to lend money, people will continue to get in debt and, at the same time, the lenders will start to lose their financial stability, leading to a general problem of the world country! This could even lead to some of the deepest nightmares than an American can have with their banks, but I personally don't believe that some of those nightmares could ever become true...
Best regards
Monday, April 21, 2008
Mortgage time bomb!
Posted by
jfmc
at
2:34 PM
Labels: worldwide news