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What is the current “status” of the subprime crisis?

by on 30. Dec, 2011 in Recession FAQ

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Question by Ketty: What is the current “status” of the subprime crisis?
I know that all the main things happened up to 2008. So what are the after effects? Do we still owe a crapload of money? Is the situation looking promising? I just need this to conclude my paper on the subprime crisis. Thanks!

Best answer:

Answer by Zarg222
houses are still being foreclosed, home values are still going down in some areas

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One Response to “What is the current “status” of the subprime crisis?”

  1. STEVEN F 30. Dec, 2011 at 12:46 pm #

    There are still more ‘buyers’ that NEED to lose the homes, but most banks have suspended foreclosures because they can’t handle the properties they already own.

    WE don’t owe a dime. The people that borrowed to buy the homes owe the money.

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