03-20-2009, 01:17 AM
Thanks Kamran for such a great post, many things mentioned by Dr. Kurt are the ones I could not explain in previous post in pure economic terms. TORONTOBOY like always you ve been great with your fundamental approach to things.
I want to comment in detail about TORONTOBOY's post but have very limited time. For Kamran TOROTOBOY and all the others I ve posted this link below which will explain everything about credit crisis in a very light, informative and simple way. I wanted to explain in words but it will take more space here and more eye strain and since the explanation is visual it will be more beneficial for other members too.
It also answers TORONTOBOY's comments on unwise lending, as to why money was lent to people with less than perfect credit despite knowing they had bad or less than average credit.
We ll discuss Kamran's post about Dr Kurt and summarize it to make is easier for other members to understand.
Please visit this link below
Thanks and be CREDIT CRISIS SAFE.[)]
http//www.vimeo.com/3261363?pg=embed&sec=
I want to comment in detail about TORONTOBOY's post but have very limited time. For Kamran TOROTOBOY and all the others I ve posted this link below which will explain everything about credit crisis in a very light, informative and simple way. I wanted to explain in words but it will take more space here and more eye strain and since the explanation is visual it will be more beneficial for other members too.
It also answers TORONTOBOY's comments on unwise lending, as to why money was lent to people with less than perfect credit despite knowing they had bad or less than average credit.
We ll discuss Kamran's post about Dr Kurt and summarize it to make is easier for other members to understand.
Please visit this link below
Thanks and be CREDIT CRISIS SAFE.[)]
http//www.vimeo.com/3261363?pg=embed&sec=