Sunday, August 12, 2007

US Homeowner Woes Rock World Financial Market


At least Bush has led the United States of Theocracy to be number 1 in something again!
FRANKFURT, Germany - The latest crisis in financial markets has once again served as a reminder of how vital and interconnected the health of the U.S. economy is to that of the rest of the world.

From New York to Frankfurt to Tokyo, markets were jolted in the past week by fears that Americans are failing to keep up with their mortgage payments and the ripple effects that could have on the global banking and financial system.

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