What effect would a real recession that might cause vast scale mortgage/credit failures have on society.?
by Mortgage Rates on Sunday, November 14th, 2010 | 3 Comments
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It would be devastating
You’re about to find out. Japan is now officially in recession and AmeriKa has been in a recession for at least 6 months but the Bush administration won’t let them use the word… just more of their lies.
The world is heading for a melt down and there are going to be people standing in lines at soup kitchens before this thing is over.
Yes. The “R” word is in effect. There are already large scale mortgage defaults here in America and I believe that many Americans are just one paycheck away from insolvency.