One can also see this:
course, can and must be in the "ordinary worker" or the "little people "but would think the" normal "Americans for a better" savings rate "and had his" progressive forces "not" Money (house) for nothing "promised there would be no financial crisis. The housing crisis can be described simply:
loans were extended to buyers who could not pay the slightest "trembling" their rates. However, the "bubble" has the real estate prices kept so high that this (sozialpolit. induced) madness has not been compromised and gave it protection by the alleged polit these great "credit ratings". Problem: If a "little people" trouble with his mortgage, there are no lengthy negotiations - there is simply pulled out and sent the keys of the bank. Through the 100% financing, he loses not even much in wealth. Then come suddenly "hundreds of thousands" of homes on the market.
OR WORSE: Offers rising = falling prices. This means that the "other" in real estate value (or the expectation of the value of real estate loans) . Fall
To get financial institutions into a tailspin and now the entire credit-granting and trading of derivatives is under pressure. Bye, financial market!
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