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View Full Version : Is this going to be a big deal?


Steve
03-13-2007, 06:23 PM
How big of a deal do you think this sub-prime mortgage mess is going to be? Is it going to get worse and effect the economy in a negative way?

How long will it last for?

What's your view?

Will subprime mess ripple through economy? (http://www.msnbc.msn.com/id/17584725/) - Subprime mortgages totaled $600 billion last year, accounting for about one-fifth of the U.S. home loan market. An estimated $1.3 trillion in subprime mortgages are currently outstanding. Thatís nearly as large as entire California economy.