Idiots think they can stabilize the economy when phony assets are valued at ridicules prices. Only solution is to have these values come down. Collapse of economy will put the end to all the wars. Poor Iraqis suffered so much. At least the Karma is coming back to bite the dumb Americans who has no clue about economics and live in a trailer. Soon these people will go after minorities like Mexicans, Blacks and the Jews like Hitler has done before. Out of all this American economic misfortune, Sun will shine on Innocent Iraqis. American misfortune be your GOOD FORTUNE. Long live people of Iraq. You be free and prosper. Good fortune will bring happiness and peace to your country.
If you haven't noticed the pain has spread to Europe, Asia, and South America. The issues aren't isolated to the United States.
A lot of the problems in Europe were connected to the US subprime. But you can say that their banking regulations were no better than ours.