2008-10-07 — housingwire.com
"Signaling a worsening financial and mortgage-led crisis, economists with the International Monetary Fund said Tuesday they now expect mortgage-related losses substantially above the $945 billion estimated in April. In the IMF’s latest Global Financial Stability Report, officials said they now foresee losses as large as $1.4 trillion."
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Comments:
tvsterling at 07:02 2008-10-08 said:
All the vast bailouts are not going to work. All that will happen is the treasury will be gutted. These limolizards will be basking in the warm Caribbean (or other pleasant spot) the country will take years to recover & instead of gratitude they will spit in our hand. Actually they will probably refer us to someone on their staff & that person will spit in our hand. Permalinkadd a comment | go to forum thread
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