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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (345623)8/3/2007 3:08:10 PM
From: bentway  Read Replies (3) | Respond to of 1575767
 
I just heard on the radio that Countrywide - who I had thought was a reputable home mortgage lender, has 25% of it's loans in default, and 50% of it's total loans are subprime loans.

forbes.com

I believe they are the largest mortgage lender in the US.



To: Road Walker who wrote (345623)8/6/2007 3:31:19 PM
From: tejek  Respond to of 1575767
 
I'm more worried about the credit markets, hedge funds. If there is a lot of worthless paper floating around then liquidity might dry up and lead to a serious recession. If the easy cheap money that we've enjoyed since the 90's goes away, a lot of the economy goes away with it.

You are spot on....the hedge funds are getting margins calls and selling stocks and metals to over their butts.


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