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02-15-2008, 07:44 PM #1
Debt Slavery in full effect in the United States
Really eye opening please go to link and see the videos if you get a chance....they are a little long but worth the while.
Debt Slavery in full effect in the United States
News and Video: Banks 'set to call in a swathe of loans' - “The United States faces a severe credit crunch as mounting losses on risky forms of debt catch up with the banks and force them to curb lending and call in existing loans, according to a report by Lombard Street Research…
"‘We don't know what the value of this debt is because the investment banks shut down the market in a cover-up so that nobody would know. There is $750bn of dubious paper out there in the form of CDOs held by banks that have a total capitalisation of $850bn.’...
"The worst of the US property crisis has yet to hit since there is an overhang of $2,000bn of mortgages with adjustable rates which have yet to be reset. Many borrowers could see payments jump by half, or even double.â€
Migrants Breach Fortified Border Barrier, March Through Texas...
05-16-2024, 08:20 PM in illegal immigration News Stories & Reports