Monday, April 21, 2008

The trillion-dollar mortgage time bomb

Credit rating agency Standard & Poor's recently placed an estimated price tag on this worst case scenario -- $420 billion to $1.1 trillion of taxpayer's money. This dwarfs how much it cost to help banks during the savings and loan crisis of the late 1980's and early 1990's.

read more | digg story

No comments:

11-22-2024

  Russia says Britain is now directly involved in the Ukraine conflict GAETZ OUT...   'You Don't Have the Votes'... DeSantis to ...