Subprime mess. And let's say subprime borrowers took out equity for the consumer spending that keeps our awesome economy running. (You know, as in a consumer economy.) And then a big bunch of the subprimes foreclose or otherwise go on the market unexpectedly, greatly reducing property values. So what does that do to the national (even global) economy?Exactly.
Thank God George W. Bush is president. See why here.
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