Monday, March 12, 2007

Lehman plays down impact of subprime mortgage defaults

Mortgage Defaults May Reach $225 Billion, Lehman Says (Update2)

"Mortgage defaults over the next two years may climb to $225 billion, probably not enough to be a drag on the U.S. economy, according to debt strategists at Lehman Brothers Holdings Inc. The forecast, based on an assumption of flat home prices,... Defaults may rise to $300 billion if home prices fall and tighter lending standards keep borrowers from refinancing, they wrote."Anyone else thinking this estimate is a little too optimistic?

Posted by goldfinger @ 06:09 PM (517 views)
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One thought on “Lehman plays down impact of subprime mortgage defaults

  • This is wishful thinking. The real figure is going to be in the trillions. Add in Credit Default Swaps and Mortgage Backed Securities, we are looking at the LARGEST failure ever.

    The USD will fail. It will be replaced by either the New USD or the Amero.

    “God” help us all.

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