Posts Tagged ‘mortgage crisis’

We all had time to digest Henry Paulson’s comment that subprime woes are contained.  The problem spread to Alt-A mortgages, and as Germany will confirm, the problem spread around the world.  I’m almost 60 years old, and was lied to about Agent Orange, Gulf War Syndrome, Watergate, second mortgages, Iraq, and a few more.  What makes anyone think the average person on the street gets the truth?

The biggest share market collapse since the September 2001 terrorist attacks yesterday carved $60 billion off the value of Australian stocks, as the US mortgage crisis claimed another hedge fund and sent shares of the nation’s premier investment bank, Macquarie Bank, into freefall. Investors are panicking that the worldwide squeeze on credit markets sparked by the crisis in sub-prime mortgages in the US will undermine the global economy.

Yes, this site is MortgageBlues.us, but we have a report on Australia. Our point is simple – running hog wild in the United States is hurting other countries. Look for a detailed report from one of our analysts in the near future. In that report it seems our own government knew there would be problems. Still under wraps, our report guarantees to show who was hung out to dry and who protected their own interests. Meanwhile, on to Australia.

In an article from Scotland published on Sunday, July 29th, we see a great analysis of the mortgage crisis as it pertains to future loans, bank profits, and investment funds.

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