sub-prime loans or so called "ninja" loans ( = no income, no...

sub-prime loans or so called "ninja" loans ( = no income, no job, no assets - to buy your dream home) are unrevealing nicely....apparently this is just a beginning...prediction is for 18 months or more of the same.....trust the yunkees to come up with finaces like that for unfortunates like that!...and others dipped in for quick riches..:-) serves them right!....it is a blood bath couse the whole credit market is tumbling down with it....that's a very simple, plain english explanation for global markets looking the way they look...lol....