[quote=arraya][quote=Butleroftwo]Small percentage of US home loans given to fraudulent purchasers, sometimes referred to as the sub-prime mess.[/quote]
Ok, first you gotta lay off the Rush and Hannity, it’ll rot your brain. Second if an entire global economy can be taken down from a small percentage of home buyers defaulting, there is something wrong with the model.
This is much bigger than that.
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I agree with the brain rot comment.
However, I would submit that a small fraction (well less than 10%) of homeowners have defaulted on their loans thus far AND the result is that the entire economy is sucking wind because of it.
