Timeline: Subprime crisis

Jan 23 - What began as a US housing problem mushroomed into a crisis that shook stock markets around the world.The global nature of this week's stock market plunge debunks the theory that foreign investors are immune because the U.S. economy is "decoupled" from Europe and Asia. Quite the contrary, says Goldman Sachs International vice chairman Robert Hormats: "It's a recoupling of sorts."

Category:

News & Politics

Tags:

• subprime
• timeline
• housing
• loan
• stock

[riverlioness]

JP Morgan is far superior to Goldman Sachs. 

[zrac09]

yeah you called it late 2008. very good.

too much of money is fiction. what is something worth? who decides what its worth? not us. we need to make stuff here again. god, id love to work in a solar panel plant. cover the desert...fuck the oil!

[bluenose1006]

Yes the worlds a mess.

[leklek69]

haha you're gay

[sigur90]

Haha, you're so silly.

[TankMonster105]

While Obama & the Democrats were cashing their big paychecks from FannieMae & FreddieMac, McCain and 18 other REPUBLICAN Senators were loudly predicting this disaster and trying to STOP it.

Their letter, dated May 5, 2006:

tinyurl (dot) com/3q6dc9

(fix the "dot," obviously)

Note that NOT ONE DEMOCRAT signed this letter.

Where was Sen. Obama that day? Running for President, too busy to give a shit.

Democrats pimped these loans to unqualified borrowers, now the chickens came home to roost.

[desertclair]

I think Republican ideology is responsible for this mess. It all started with the crazy trickle-down theory that Reagan sold the countrt that said no government is good government making its only purpose cutting taxes. The government became the enemy, leaving regular middle class Americans vulnerable to the greed inherent in any of us when large sums of money are involved. We need government regulation as a referee to keep the free market fair for everyone.

[AirelonTrading]

It's the 15th. You're two days late. Olympics were never attacked.

Maybe ... maybe they've found you on YouTube, and they are monitoring you! They are looking at your emails and your posts!

(Ok, yeah, making fun of the paranoid probably isn't too cool. But it's pretty funny)

[AirelonTrading]

It's the 13th, and I'm still waiting.

[AirelonTrading]

So, WW III is tomorrow eh? Have you left the cities when the bombs start dropping? Have you bunkered down? Gotten your loved ones out of harms way? Taken off for the North wilderness of Canada's territories? That's where I'd head if I thought the WW III was about to begin. Just a few hours to go you know.

You need help. Do some research on the psychological causes of conspiracy theories. It's a result of serious psychological problems.