Exxon 2007 profit 40.6 BILLION. Not all $$$ going to the sand box! Hedge funds have huge holding of sub prime loans.
Stockton, CA is the mother of all mothers for the start in 2002 of the greed that spun the sub prime loans. Only about 40 percent into the sub prime loan trick bag. Will run it course in about 10 years. The D word is now following the R word. As long most keep their jobs the R word is nothing to speak about. On the other hand the ones who lose the jobs the R word will drownd a large share.
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