Thread: The US Housing market is in deep shit
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Old 13-07-2008, 07:10 PM   #114 (permalink)
bkkandrew
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Quote:
Originally Posted by sabang View Post
We are either in, or on the brink of, a Crisis of Confidence. The Fed is not able to bail out everyone, and I think a bad precedent was set by bailing out lowly Bear Sterns.
IMO, we are now entering the complete collapse of the Western Financial system as we know it. This is why I started the threads on the subject 6-months ago.
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