Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: andiron who wrote (87699)	10/15/2007 6:35:08 PM
From: Tommaso	Read Replies (1) \| Respond to of 110194

>>>say 100 mil US household<<< Actually I am interested in the realities, not paranoid fantasies. The reality is that something like 40 million households own their houses outright, with no mortgage. Of those, most have their credit card and other debts well under control. I was pointing out what the irresponsible fringe might owe, which could be huge. It was not encouraging to read today that the U. S. Treasury is trying to help the largest U. S. banks make arrangements to continue financing the subprime mess instead of taking their losses. What we need to watch out for is measures that spread the responsibility for foolish borrowing and lending onto the disciplined citizens. This is already happening with the deliberate debasing of the value of the dollar. This is not a paranoid fantasy. Look at how the dollar has dropped: quotes.ino.com