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the storm

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Posted 09-16-2008 at 10:54 PM by carlson

the storm that started with sub-prime/bad credit mortgages continues.
Two more banks went down over the weekend, a lot people will say this doesn't affect them but consider how hard it will be to get a mortgage, loan or even a credit card in the future. there are reports on personal finance websites that consumer spending is significantly down, it people continue to loose jobs at the current rate we might face a crisis similar to the great depression.
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