Celebriton
30th Jan 2009, 04:35 AM
I don't understand about the Global Economy Crisis and how it is started.
What I do not understand how a real estate credit can lead to the ressesion? I mean there are some people who can not pay their house credit, just a minority, not majority like 70% or 90% of America people. This minority people can make the world giant banks to bankrup???? I don't understand.
Just some people cann't pay their house credit and suddenly the economy collapse. I think there's must be something else that far greater then that. Including in Europe too.
Can someone explain to me?
Thank you.
What I do not understand how a real estate credit can lead to the ressesion? I mean there are some people who can not pay their house credit, just a minority, not majority like 70% or 90% of America people. This minority people can make the world giant banks to bankrup???? I don't understand.
Just some people cann't pay their house credit and suddenly the economy collapse. I think there's must be something else that far greater then that. Including in Europe too.
Can someone explain to me?
Thank you.