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Subprime lending to trigger world’s worst financial crisis since 1929
Asia News ^ | September 19, 2007 | Maurizio d'Orlando

Posted on 09/20/2007 4:55:46 PM PDT by NYer

click here to read article


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To: processing please hold
A snappy comeback...cool.

Now care to expound on your point?

121 posted on 09/20/2007 7:15:20 PM PDT by carlr
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To: nicmarlo
..until it became “popular” or understood (finally), that open borders and illegals were and are ruining this country.

We sure got our share of black eyes and friends banned back before it was "popular".

122 posted on 09/20/2007 7:15:32 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: nicmarlo

Hey! I agreee with you. So what do my comments mean now?


123 posted on 09/20/2007 7:15:32 PM PDT by listenhillary (millions crippled by the war on poverty....but we won't pull out)
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To: nicmarlo

It is ‘Your’ not ‘you’re’.

I don’t think illegals are ruining the country. I think that is an exaggeration of a problem into a catastrophe.

You know what absolutely makes the open borders lobby here turn people off?

It is they reference to the President of the United States as “jorge”. And the constant racism and hate directed at people who for the most part are working for the yankee dollar just like all of us do.

I don’t want to give away this country. But I don’t want to have my views represented by people who are racist and disrespectful of the institutions of this country. And appeal to the lowest kind of discourse.


124 posted on 09/20/2007 7:17:16 PM PDT by cajungirl (no)
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To: NYer

This is pure SPAM...sensationalism at it’s worst..download and pop it into the Spam Bucket...

In the first place, yes there is a problem in the sub-prime market but the orderly workings of the real world will resolve the problem. The core problems of the sub-prime market are several but the solution to this is not to have a severe recession or a depression worse than 1929, where unemployment grew and the money stopped flowing. The solution lies in keeping up the increases in new jobs, increases in wages, keeping a lid on prices through good cost control, stable tax policies,and the banks and the homeowners working together to keep the people in their homes through good banking practices......one solution that would have immediate effect would be lower the mortgage rates back to where they started, allow a 1 % increase after 1 year and then after 5 or 10 years cap the rates at a maximum of 3 % over their original rate..Some mortgages had a 6 or 7% max cap over the original rate—too wide a margin...and also- stop the interest accrual on a daily basis which is the hidden knife in the back to the homeowner..The banks would howl but let them- they are still making Billions through their fees and ATMs and credit cards !...Meanwhile the working families would be able to stay in their homes and continue to make their reasonable monthly payments.

The government is also at large fault by stating that inflation is under control at 2 or 3 %..That’s baloney...more SPAM...Any fool can tell that a $50,000 house that is sold for $175,000 has certainly had an inflated value..That’s price inflation...Add to that huge increases in many other areas- homeowners insurance, property taxes, college tuitions, private school tuitions, incredible malpractice insurance rates, sky high auto repair prices and in all this the govt looks the other way...

As for the Amero..and America annexing Mexico and Canada, dream on kiddo..America has enough problems and doesn’t need to add 50 million more....annexation won’t happen and any “Amero” would take 10 to 20 years to take effect, just like the Euro..The writer of this article needs to go back to school and take a few more courses in Economics and History and knock off the creative writing. This is trash.


125 posted on 09/20/2007 7:17:18 PM PDT by billmor (Brooms for Sale...Get ready for '08)
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To: nicmarlo
Yeah, pointing out the obvious gets their knickers all bunched up, lol.

I enjoy it on this side of the screen. ;)

126 posted on 09/20/2007 7:18:00 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: carlr

Not really.


127 posted on 09/20/2007 7:18:42 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: nicmarlo

The obvious? You mean like the secret arrangements to create the Amero? I’ve always been against illegal immigration, as have the vast majority of conservatives. Just because you don’t like illegal immigration doesn’t mean I should listen to you when you post nonsense about a North American currency.


128 posted on 09/20/2007 7:19:25 PM PDT by VegasCowboy ("...he wore his gun outside his pants, for all the honest world to feel.")
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To: processing please hold

Because you don’t have one.


129 posted on 09/20/2007 7:20:31 PM PDT by RockinRight (Can we start calling Fred "44" now, please?)
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To: cajungirl

I wasn’t aware that this was an English grammar forum. I worked for 12 hours today, sorry I made a typo that set you off. lol.

What you think illegals are doing to this country, and what the reality is (they are) aren’t even on the same page. Too bad that it hurts your feeeeeeelings about what people call Bush. BTW, did you know he named a company with a Spanish version of his name? If it doesn’t hurt his feelings to use Spanish versions of his name, don’t know why it would hurt your feelings.

In any event, we’re used to your name-calling, because, as I said, it’s been going on for yeeeeeeears.


130 posted on 09/20/2007 7:20:56 PM PDT by nicmarlo
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To: processing please hold
Not really.

Figured.

131 posted on 09/20/2007 7:21:00 PM PDT by carlr
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To: RockinRight

You’re right of course.


132 posted on 09/20/2007 7:21:38 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: VegasCowboy

If you are posting on a thread about, say, underwear, the open borders lobby shows up to say it is a problem somehow associated with illegals who are busy murdering and rapiing and ruining the country. They are followed shortly by some who always say “The answer is Homeschooling” and they are followed by the haters of big pharma who think every new advance is an insult to the Bible.

Sickening and narrow and disruptive. You can’t even talk about underwear with them all showing up en masse hawking their latest.


133 posted on 09/20/2007 7:22:27 PM PDT by cajungirl (no)
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To: VegasCowboy
The obvious? You mean like the secret arrangements to create the Amero?

Uh, no. This is what I said: It doesn’t matter that he had nothing to do with the article, the argument stated therein, the content, or the source.

to which the comment was related. Try to keep up, k?

134 posted on 09/20/2007 7:22:48 PM PDT by nicmarlo
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To: ex-Texan

ping


135 posted on 09/20/2007 7:23:48 PM PDT by Calpernia (Hunters Rangers - Raising the Bar of Integrity http://www.barofintegrity.us)
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To: processing please hold

Kind of like a three-ring circus...can be very entertaining....you sort of know what’s coming, and we’re never disappointed.


136 posted on 09/20/2007 7:24:08 PM PDT by nicmarlo
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To: carlr

You figured right. I acquiescence to your superior intellect.


137 posted on 09/20/2007 7:24:09 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: nicmarlo

He is President Bush. Not Bush, not Jorge, not George.

I didn’t call you names. ANd those who call Pres Bush ‘Jorge” are not doing so in affection. Nor are they Hispanic. You know very well how base it is.


138 posted on 09/20/2007 7:24:49 PM PDT by cajungirl (no)
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To: GovernmentShrinker
But if you owe $150,000 on a house that will sell for $100,000 in this market, and $125,000 even when the housing market is back to normal, and you have that electric bill for $300 due tomorrow, you’re not just illiquid but also insolvent.

And that is where way too Americans find themselves today. And it's not going to be pretty.

139 posted on 09/20/2007 7:25:38 PM PDT by AuntB (" It takes more than walking across the border to be an American." Duncan Hunter)
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To: nicmarlo
Kind of like a three-ring circus...can be very entertaining....you sort of know what’s coming, and we’re never disappointed.

It won't come as a shock to me.

140 posted on 09/20/2007 7:26:29 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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