According to NABE (national association of business economics) members said their biggest near-term concern is the subprime loan defaults and excessive debts in US, it is more frightening than the terrorists. THe followings are their concerned existing problem.
Credit- induced bubble
Enabled by risky loan purchases associated with hedge funds
Private Equity fund asset-backed security
Credit default
Collaborated obliged debt
Excessive household & corporate debts.
THis may down the investnments in stock markets and the housing markets.
2007-09-01 21:59:30 · 4 answers · asked by Tom H 3 in Politics & Government ➔ Military
Nope. George Bush doesn't care about America. If he did, he wouldn't have left New Orleans in ruins and fending for itself.
Or the fact that he couldn't have seen this housing bubble 2 years earlier (like I did), and tried to warn people that the ****'s about to hit the fan.
(And it has.)
By all accounts, we are heading for a recession because of this. And there is little that the Fed or the government can do to stem the hemorrhaging.
2007-09-01 22:23:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋
He plans on bailing out fannie mae which supports Laraza.Illegal aliens have gotten home loans they were not entitled to, this government home loan agency is for American citizens.
2007-09-02 01:00:33 · answer #2 · answered by dianer 5 · 0⤊ 0⤋
and...wow this is a new one for the liberal extremists?...your going to blame this on bush???? whats your point?
2007-09-02 00:18:10 · answer #3 · answered by koalatcomics 7 · 0⤊ 0⤋
So what's the question?
2007-09-01 22:08:58 · answer #4 · answered by chilicooker_mkb 5 · 0⤊ 0⤋