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Old 10-11-2008, 01:19 PM
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Default Is the US subprime mortgage crisis responsible

for the worldwide credit crisis & recession?
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Old 10-11-2008, 01:20 PM
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Yes. My bank lends money to people who can not pay it back. They use to give me a penny or two in interest for every dollar I put into a savings account and they used it to loan to others a charges them a even larger interest. I get nothing any more for saving my money but they still are lending money to those who can't pay it back.
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