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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)
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To: hermgem

How right you are.


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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