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Home loans in the US: the biggest racket since Al Capone?

Discussion in 'The Economy' started by Tropo, 20th Feb, 2009.

  1. Tropo

    Tropo Well-Known Member

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    NSW
  2. Chris C

    Chris C Well-Known Member

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    Brisbane, QLD
    At least they are throwing some money at the actual problem - falling house prices.

    This GFC can only be resolved once we find a bottom in deflating asset values, particularly house prices. Once that is done we can all do the math, see who is bankrupt, who isn't, who has money to lend and who still owes what. Until this happens it's all bad news.