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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (24134)	10/15/2007 10:07:13 PM
From: elmatador	Respond to of 217842

Thank you! I have thought it would be a step to clear the subprime mess. In Brazil the sub-prime (everyone became subprime during hyper inflation time) is still being paid by the government, I read couple of weeks ago. Hyperinflation ate into the debts, since they were guaranteed by the government, the tax payer is still paying the ones who bought property then. The banks were sanitized mid-90's and the government (i.e., the tax payer took the debts). I can't recall the exact year, recall, but it will take a decade more to get rid of the whole bag.