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Mortgage crisis 'will drag the US into recession'
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Topic: Mortgage crisis 'will drag the US into recession' (Read 755 times)
Spectre
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Mortgage crisis 'will drag the US into recession'
«
on:
August 26, 2007, 07:28:16 AM »
Mortgage crisis 'will drag the US into recession'
By David Litterick and Ambrose Evans-Pritchard
Last Updated: 2:04am BST 24/08/2007
"The chief executive of Countrywide Financial, the mortgage lender handed a $2bn (£1bn) lifeline by Bank of America, said the housing market showed no signs of improvement and would push the US into a recession..."
Quote
"one of the greatest panics I've ever seen in 55 years of financial services"
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http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/24/cnusecon124.xml
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Biggs
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Re: Mortgage crisis 'will drag the US into recession'
«
Reply #1 on:
August 27, 2007, 08:41:02 AM »
I seem to recall that even a few months ago all was supposed to be rosy, at least according to the likes of him. (I am being a bit harsh, I mean prior to the february sell off and the start of countrywides problems, at least when they admitted them publicly)
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STOP THE KILLING NOW
END THE CRIMINAL SIEGE OF GAZA - FREE PALESTINE!!!!!!!
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