For all those who want a eye opener to the reality of the...

For all those who want a eye opener to the reality of the current situation

click on this link and watch this 40 minute video that was on TV last year

http://www.abc.net.au/4corners/special_eds/20070917/subprime/default.htm

click on the "play" button under the picture of the borded up house.

this will explain what subprime is, how it started and why, what the idea was, and what went wrong.

the damage done is just the first part, there is still 3 - 4 years more to go of the loss's you saw in 2007 where will the would markets be then !

look at the banks stock prices NAB / ANZ etc its all because of this.. and more to come