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Slava · 10-08-2008, 08:48 PM

The feds should go after these guys and get the money back (or at least prosecute them).

Here's the thing with this whole subprime mess unwinding. Lets say that the whole real-estate market in the US is worth 20 Trillion. The subprime issue might be 10-15% of that? Its not going to take the entire economy under...but the final amount of assets to unwind is an enormous figure.

In other words, the small percentage (relatively speaking) is an enormous figure and its going to hurt. But its not time to panic and start stockpiling to fend off the survivalists!

10-08-2008, 08:48 PM	#238
Slava Franchise Player Join Date: Dec 2006 Location: Calgary, Alberta Exp:	The feds should go after these guys and get the money back (or at least prosecute them). Here's the thing with this whole subprime mess unwinding. Lets say that the whole real-estate market in the US is worth 20 Trillion. The subprime issue might be 10-15% of that? Its not going to take the entire economy under...but the final amount of assets to unwind is an enormous figure. In other words, the small percentage (relatively speaking) is an enormous figure and its going to hurt. But its not time to panic and start stockpiling to fend off the survivalists!