Death of the American Dream

[socialunravelin]

Say goodbye to the possibility of ever owning a house, a car, and 2.5 kids because the largest mortgage in the US could go tits up.The subprime loan meltdown is forecasted to have ripples in the economy, as major debt buyers from China, Japan, and major oil-producing countries threaten to demand their money back. It is more of a game of chicken,

Comments

[plaidrevolution]

the depression, part deux.

[lori_dyann]

I rather enjoy seeing corruption in our American economy get a bitch-slap! I think a slow down in new housing development is great for the environment. Americans need to learn how to live more simply and in smaller houses.

Our system of spending the prime of your adult life in debt is f-ed up. The companies who operate the sub-prime loans are con artists. It sucks that people are losing their homes, but they really should have done more research on those loans.