A point failed to mention by Fortune# Living
b*b
1 楼
I have to say one important point that the article didn't mention. The real
estate problem is actually the financial system problem of the U.S..
Forclosure is high, real-estate bonds issued by Finnie Mae and Freddie Mac
will be likely to defraude. Many banks using very high direvatives and
leverage (e.g. Chase Morgan bank) will likely go bankrupt. The finanical
crisis triggered by real estate burst is going to escalate the crsis and
deepen the bottom. The whole economy will be doomed and almost
estate problem is actually the financial system problem of the U.S..
Forclosure is high, real-estate bonds issued by Finnie Mae and Freddie Mac
will be likely to defraude. Many banks using very high direvatives and
leverage (e.g. Chase Morgan bank) will likely go bankrupt. The finanical
crisis triggered by real estate burst is going to escalate the crsis and
deepen the bottom. The whole economy will be doomed and almost