China STOPPED buying US mortgages in MAY!

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China STOPPED buying US mortgages in MAY!

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Mega

Master of British Brevity

Join Date: May 2007

Posts: 12117

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#1

China STOPPED buying US mortgages in MAY!

August 04, 2007, 12:25 PM

Could this cause a spot of trouble for anyone?
Mega

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c1ue

iTulip High Commissioner

Join Date: Jan 2007

Posts: 10290

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#2

August 04, 2007, 12:52 PM

Re: China STOPPED buying US mortgages in MAY!

I'd call it a symptom, not a cause.

Cessation of mortgage buying in May just means they bought all the way through the peak of bad mortgages in 2005/2006.

Since no one is buying mortgages now, I don't think China deserves any more/less blame for our present situation.

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