Timeline: Subprime crisis
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Jan 23 - What began as a US housing problem mushroomed into a crisis that shook stock markets around the world.The global nature of this week's stock market plunge debunks the theory that foreign investors are immune because the U.S. economy is "decoupled" from Europe and Asia. Quite the contrary, says Goldman Sachs International vice chairman Robert Hormats: "It's a recoupling of sorts."
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I think Republican ideology is responsible for this mess. It all started with the crazy trickle-down theory that Reagan sold the countrt that said no government is good government making its only purpose cutting taxes. The government became the enemy, leaving regular middle class Americans vulnerable to the greed inherent in any of us when large sums of money are involved. We need government regulation as a referee to keep the free market fair for everyone.
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It's the 15th. You're two days late. Olympics were never attacked. Maybe ... maybe they've found you on YouTube, and they are monitoring you! They are looking at your emails and your posts! (Ok, yeah, making fun of the paranoid probably isn't too cool. But it's pretty funny)
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It's the 13th, and I'm still waiting.
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So, WW III is tomorrow eh? Have you left the cities when the bombs start dropping? Have you bunkered down? Gotten your loved ones out of harms way? Taken off for the North wilderness of Canada's territories? That's where I'd head if I thought the WW III was about to begin. Just a few hours to go you know. You need help. Do some research on the psychological causes of conspiracy theories. It's a result of serious psychological problems.
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I've heard, that this "Amero" that is "now being printed"? I've heard that for 12 years. It's never happened. And each year, supposedly, is the year that it's going forward. Nothing yet.
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Actually, it could be laid at Clinton's and Greenspans fault for encouraging such low interest rates in the midst of economic growth, instead of tempering that growth with higher rates. It created a bubble of easy credit. That didn't happen in Bush's term. It occured in his term. He just inhereited the mess.
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Foreign markets were thought to be "de-coupled from the U.S." Another fantasty bites the dust.
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Since banks are getting all too scared to lend, it's the central banks' job to help by lowering the rates... that's the only solution. (Lol, Bush's action was absolutely useless.)
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Nice video, gonna link this to our site at the-crunch(.)com We're observing and discussing the credit crunch and house prices. Looking for volunteer authors also! Call by and have a look.
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