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Commentary :: Globalization
Fed Up: Bernanke joins G-7 to Stem Global Financial Meltdown
07 Apr 2008
The term “subprime” is a red herring; it is used by the media to minimize what is really going on. The meltdown in financing extends across the entire range of mortgage-security products. No loan-type has been spared. The wholesale market for anything connected to mortgages is frozen and the details are being intentionally withheld from the public.
for the article published 4/6/2008, click on:
http://www.informationclearinghouse.info/article19683.htm
See also:
http://www.mbtranslations.com
http://www.informationclearinghouse.info
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