|
again sorta not -
02-26-2009, 01:24 AM
Subprime loans to poor people who could'nt afford them is not gonna fly dudes? Over here in the US Fox News and O'Rielly and other right wing pundits are shoveling this same 'garbage'. Blamining the US subprime meltdown
doe'snt even translate in the US economy due to the fact Fannie Mae and Freddie Mac only represented 13-14% capital in the residential mortgage market here in the USA. note WSJ/NYTimes/CSPAN.
Pls. try harder to blame someone else for Japans economic policy of manufactering TV's and Cars when people had stopped buying these. Refer UK Guardian article from Feb.19/2009 about Japans economy
"A general election must be held by October at the latest, and could be forced much sooner. The same outfit - the Liberal Democratic party, which is actually a conservative group - has run the country for the whole of the past half century, barring nine months in 1993. The LDP survived even the country's stagnation during the 1990s, when Japan's financial crash destroyed its banking system."
|