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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (78042)6/11/2010 1:53:51 PM
From: HPilot  Read Replies (1) | Respond to of 149317
 
Yes. What could have been a depression proved to be only a serious recession.

Not all banks were in trouble, it was mostly just a few large banks that did too much business with Fannie Mae and Freddy Mac. What was to be a short but deep recession has now turned out to be a long term recession and may yet become a depression. Look to Greece for our future.