| Re: Mortgage crisis spreads to sub-prime car loan market |
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Group: uk.transport · Group Profile
Author: ConorConor Date: Sep 19, 2007 08:20
> On 17 Sep, 13:45, Conor hotmail.com> wrote:>> In article <1190012315.284704.268...@ g4g2000hsf.googlegroups.com>, Doug
>> says...> "Fears are mounting that the sub-prime mortgage crisis is beginning to >>> infect America's $300 billion (ВЈ150 billion) car loan market as
>>> evidence emerges of a surge in the numbers of US motorists in
>>> arrears..."
>>
>> It may have escaped your notice but this is the UK..
>>
> It may have escaped your notice that the economics of the USA also has
> an effect on us. Seen the news lately?
You obviously haven't. The problem is being caused by mortgage debt...
> This country is up to its ears
> in debt and some of it is car debt.
> How much do you owe?
Nothing except for a small mortgage which I can afford to pay even if
I'm on the dole, has only 8 of its 10 years remaining and I intend to
be fully free of by my 40th birthday.
--
Conor
I'm not prejudiced. I hate everyone equally.
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