Quote:
Originally Posted by RougeUnderoos
I'm listening to a BBC radio station and every half hour the guy says "bla bla bla down down down based on American mortgage crisis".
How the hell can a bunch of high-risk American mortgages put the whole damn thing on the hook? How much money can be tied up in there, in the grand scheme of things?
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The article Cow posted has a pretty good explanation in it.
Primarily, people giving the loans are gun shy.
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