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Old 01-27-2008, 12:25 PM
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Join Date: Jan 2008
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Default Are banks hiding from us the true picture of the
mortgage crisis? Afre foreclosures on Small Businesses next? We are seeing the subprime shake out, and if we are in a cyclical cycle, businesses have to close behind.
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Old 01-28-2008, 10:28 PM
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Join Date: Jul 2007
Posts: 692
Default Subprime Mortgage Meltdown
No, there are no hidden figures there are a few banks that went out of business, including Countrywide CEO received severance packages and he is gone. If there is 15 to 18 % delinquency that means there is 82-85 % making on time payments.
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