Oh this is good:
"Act Two of the Credit Crisis is Comingby" by Michael Swanson
...The Fed fund futures are now pricing in a 100% percent chance of a rate cut on September 18th and a 40% chance of a 50-basis point cut...
...it became easier to get a home mortgage than a credit card...
...Financial crises come in two waves. The first wave is when people realize there is a problem in the financial system and the second wave is when people find out how bad it is...
http://www.safehaven.com/article-8383.htm
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