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Freedom's Phoenix: Uncovering the Secrets & Exposing the Lies

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Thursday, Jun. 20, 2013

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News Link • Economy - Economics USA

National Australia Bank suffers 55 percent loss on American housing loans

7-25-08 • buinessspectator.com.au
This is an unprecedented event and means that the cost of bailing out the US financial system is now far beyond the highest estimates. A US recession is now locked in, but more alarmingly, 55 per cent loan losses point to the possibility of a depress
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Additional related items you might find interesting:

News Link • Economy - Economics USA
True Poverty at One Third Population
06-19-2013 • arclein

News Link • Economy - Economics USA
Detroit defaults on some debt to avoid bankruptcy filing
06-14-2013 • Reuters

News Link • Economy - Economics USA
US Bonds In "Panic" Mode
06-14-2013 • zerohedge.com

Tags: unprecedented, bailing, financial, system, beyond, highest, estimates, recession, locked, alarmingly, losses, possibility, depress

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