Its amazing to see now that this crisis is over. The Fed has saved the world from oblivion. Go the all mighty USA. The country with the trillions of dollars of debt, record number of foreclosures, corrupt financial system... and the experts at cooking the books...
The credit crisis will be over once their debt is reigned in and their corrupt financial system is rectified. Till then don't hold your breath!!!
As for all those who think this is over.. Take your head out of the sand and look at what really is going on. Its all a facade because they are all crapping their pants because they realise how much bad debt there is out there. If you think they have solved this by pumping billions of dollars just to keep the wheels moving then you are dreaming.
The highest amount of Subprime resets are due in MAY 08, then you also have Alt-A loans resetting this year as well... What's gonna happen then, especially now that people are losing their jobs over in the USA...
THIS IS NOT OVER!!! DOn't fool yourselves and be very mindful where you put your money. Alot of skeletons in the closet.
credit crisis is over ... article, page-10
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