Quote:
Originally Posted by Blueyes
No one is going to lend money because of this mortgage fiasco and if they do lend money they are going to be way, WAY more stringent on the recommendations for it which they should have done to begin with which is why they are in this mess now.
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That's where the In theory disclaimer comes from. I don't see a way out of this mess. This is the spookiest story I have ever read in my life:
Germany takes hot seat as Europe falls into the abyss - Telegraph
I mean the subhead alone almost made me crap my pants: "
We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars."
The American markets have an hour left and will probably lose 10% of value today. I'm going to a zero extra expenditures policy as of right now. No more eating out, no Saturday movies, going to one car...Hard times are right around the corner gang.