Monday, October 1, 2007

Airstrip One

Swiss bank UBS warns of big losses, blames US housing crisis

These people still won’t mention the real threat. The real threat is the tens of millions of highly leveraged investment properties. When the investor goes upside down, he walks away from the mortgage, with the bank holding the bag. As prices continue to drop, the cycle spirals.

Hello Airstrip One banking issue.

1 comment:

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