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To: elmatador who wrote (86619)9/25/2008 11:04:47 AM
From: tonka552000  Read Replies (1) | Respond to of 116555
 
I'm confused -- likely naive... but if there are approximately 300 - 400 thousand home loan delinquencies in the US -- with, let's say, an average loan amount of $300 thousand -- then the impact is roughly $100 Billion -- correct ... ??? So, while one issue is the home loan crisis, the bigger issue is what the idiots on Wall Street did with crazy investment scenarios... correct...??