FocusCanada Forums Canadian Focus Community Off Topic How Does The Credit Crisis Work?

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Thread Modes
How Does The Credit Crisis Work?
ANTHONYD Offline
Senior Member 1st Class
*****
Posts: 9,627
Threads: 938
Joined: May 2003
Reputation: 0
#1
03-04-2009, 06:14 AM
A good 'dumbed down" explanation of this whole mess.


Find
Reply
Oscar The Grouch Offline
Big Sleepr
*****
Posts: 4,124
Threads: 162
Joined: Mar 2005
Reputation: 2
#2
03-04-2009, 09:14 AM
That was awesome. Scary yet informative.

Makes sense to me now that the subprime BS should have never happened.
Sold:2001 SE 2.0L SPI w/60mm TB, Steeda Shorty Intake.

Active: 2007 SES Hatch, Motegi MR7 Rims with 215/45ZR17 Michelin Pilot Super Sport Tires, debadged, black painted calipers and drums, RS Knob, CFM Short Throw, Billet E-Brake, CFM Focus pedals, MBRP Exhaust, XCal2, FS Front and Rear Strut Tower Bars, Diamond Plate Floor Mats and Sills, Alpine MP3 Deck, Alpine V-Power 300w Amp, Pioneer IMPP Sub, AlpineType-S door speakers, VF Engineering Rear Motor Mount, F2 RS Spoiler, Tokico D-spec shocks, HTP Cross Brace, EBC Rotors, Hawk HPS Pads, Russell SS Brake Lines, RS Wheel, SVT Blue Seats, Vibrant 2.5" Race Highflow Cat, CFM UDP. Rear SVT bumper to come.

Active: 2005 Jeep Wrangler Unlimited TJ [LJ], Volant CAI, 32" BFG Mud Terrains, and a whole bunch of goodies. Big Grin
Find
Reply
imack Offline
Member
***
Posts: 219
Threads: 33
Joined: Jul 2003
Reputation: 0
#3
03-04-2009, 10:52 AM
IMHO, the problem starts earlier on. People buying a house as an investment, rather than as a place to live is the root cause of the problem.
Old Ride: 2001 Malibu Blue MTX Street Edition Wagon
New Ride: 2010 Mocha Brown MT 2.0T Passat Wagon
Find
Reply
ZTWsugardaddy Offline
Member
***
Posts: 195
Threads: 11
Joined: Apr 2003
Reputation: 0
#4
03-04-2009, 01:42 PM
Peter Schiff was right.

http://www.youtube.com/watch?v=2I0QN-FYkpw

Find
Reply
NefCanuck Offline
3D Dingbat Disabled Driver
*****
Posts: 7,485
Threads: 173
Joined: Apr 2005
Reputation: 2
#5
03-04-2009, 01:51 PM
Yipes...

Makes me glad I put as much cash into buying my place as I did, no over leveraged BS for me :ph34r:

NefCanuck
Find
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)