Bush Is Turning the USA into a Subprime Borrower

Much in the same way that US investors were "steered" into rip-off mortgage loans, the entire country has been "steered" into an economic crisis. The question is how to get out of it.

Technorati: budget bush debt deficit economy fed minsky mortgage subprime surplus us

MoneyWatch (CBS News)

Alexis Christoforous reports on the credit crisis; tumbling profits in the housing market; British Airways' surcharge scandal; U.S. airlines gear up for Labor Day; and a drop in mortgage rates. (CBSNews.com)

Technorati: airlines airways british cards credit day labor moneywatchv1deo us

The North American Union/The Economy

An interview of Dr. Jerome Corsi.-Used with permission.

For more information and articles by Dr. Corsi, visit the links below.

http://www.humanevents.com/search.php...

http://www.wnd.com/news/archives.asp?...

"Today, America would be outraged if UN troops entered Los Angeles to restore order (referring to the LA riots). Tomorrow they will be grateful. This is especially true if they were told there was an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to deliver them from evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well- being granted to them by the World Government." - Henry Kissinger, Bilderberg Meeting 1991

Technorati: 1929 bikini breasts crash depression gold great market mortgages mustangs northamericanunion shockingvideo silver tna us

Home lenders feeling US credit crunch

Home lenders feeling US credit crunch

Lateline | Tue, 14 Aug 2007 22:37:00 +1000 | Duration 2m 19s

Home loan borrowers could face higher interest rates, not just from the Central Bank, but also from home loan companies starting to feel the crunch from the mortgage troubles in the United States.

Add to playlist

Tags: business-economics-and-finance, industry, housing, australia

Technorati: credit crunch feeling home lenders us

US grapples with impact of subprime crash

US grapples with impact of subprime crash

7.30 Report | Mon, 13 Aug 2007 22:01:00 +1000 | Duration 6m 54s

Whether the subprime loan market crash does slow down the US economy or not, it is certainly continuing to have a dramatic effect on global financial markets, and that impact could continue to roll through for the next six to 12 months. It all goes back to 2005 when US real estate markets hit an all-time high, and more and more people began to use creative financing to get a piece of the action. Subprime mortgages became the vehicle of choice for many with low incomes or a poor credit rating, who might not have otherwise been able to get a loan. There was a catch though: subprime loans carried conditions like reset ...

Technorati: crash grapples impact of subprime us with

Mortgage woes hit US markets

US shares have tumbled amid fears that problems in the mortgage market may prompt a global credit crunch.

Technorati: bbc hit markets mortgage news us woes