To: umgud
Same thing with sub prime mortgages, designed for blacks enabling them with welfare and unemployment checks to buy mortgages.
Initially spreading throughout the country then the world after Wall Street did the bidding of Mrs. Franks and Dodd by selling these values worldwide.
A global economic crisis started in the US spread worldwide.
11 posted on
03/19/2009 3:22:49 PM PDT by
hermgem
(Will Olmr)
To: hermgem
13 posted on
03/19/2009 3:48:51 PM PDT by
umgud
(I'm really happy I wasn't aborted)
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