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.