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Some Perspective: Comparing this Recession to 70's and 80's

Discussion in 'BBS Hangout: Debate & Discussion' started by MadMax, Feb 16, 2009.

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  1. BetterThanEver

    BetterThanEver Member

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    2% is high. Historical default rate is about 1.2-1.3%. That's at least a 50% increase.
     
    #41 BetterThanEver, Feb 21, 2009
  2. MadMax

    MadMax Member

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    Absolutely it's high. I'm not arguing the foreclosure rate isn't relatively high.
     
    #42 MadMax, Feb 21, 2009
  3. MadMax

    MadMax Member

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    Completely agreed..it's why I have no problem with helping out the banks...and am warming to nationalization in some form or fashion.
     
    #43 MadMax, Feb 21, 2009
  4. rimrocker

    rimrocker Member

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    It's a matter of days for Citi and BoA.
     
    #44 rimrocker, Feb 21, 2009
  5. MadMax

    MadMax Member

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    make it happ'n, cap'n. they'll sell off an assload of distressed financial assets. those will work their way through the system and a lot of people will make a lot of money off it. there's precedent for that.
     
    #45 MadMax, Feb 22, 2009
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