[madison10]

The rest of the world is heavily invested in US. WE were a good money maker, we were safe, we had lots of great places to invest, only problem is again, Fannie and Freddie. The markets are tied up because of bad debt/credit due to F & F defaults on home mortgages. They were, as someone said, a giant pyramid scheme. The pyramid crumbled.

In short, the world financial systems are tanking because of Barack Obama and his Gang of Democrat fools. That’s why Europe and other nations were angry with us.

[ari-freedom]

so freddie pwn3d (forgive my hacker-talk) the entire system like some computer virus?

[Lazamataz]

The rest of the world is heavily invested in US. WE were a good money maker, we were safe, we had lots of great places to invest, only problem is again, Fannie and Freddie. The markets are tied up because of bad debt/credit due to F & F defaults on home mortgages. They were, as someone said, a giant pyramid scheme. The pyramid crumbled.

So how does this pyramid crumbling take EVERYthing down? When food stops trucking, electricity goes out... how does THAT happen?