Steve
03-13-2007, 05:23 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. That’s nearly as large as entire California economy.
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. That’s nearly as large as entire California economy.