--- In FairfieldLife@yahoogroups.com, enlightened_dawn11 <no_re...@...> wrote: > > yes-- Canada is the same way-- no banking problems because no subprime > mortgage lending market.
And India -- from several article on this. Indian bankers are laughing at us. "You did what!!???" > > --- In FairfieldLife@yahoogroups.com, "40 acres, $50 and a mule" > <L.Shaddai@> wrote: > > > > On Sun, Mar 1, 2009 at 12:04 AM, enlightened_dawn11 > > <no_re...@yahoogroups.com> wrote: > > > however, if the people, including businesses, in the US had not > > > succumbed to the oceans of easy credit previously available, and in > > > effect become indebted more than at any other time in our history to > > > the banks, the economic health of the country would not be so > > > intrinsically tied to the health of the banks. whether we like it or > > > not, and no one does, if the banks go belly up, so do we. we have no > > > choice but to shore up the banks. > > > > > > > Indeed North Dakota is booming. The people there are quite > > financially conservative. The largest bank in the state expects to > > have the usual 3 foreclosures they get annually. > > >
