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Is this going to be a big deal?

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  • Is this going to be a big deal?

    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? - 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.
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