Subprime/3.10 to Yuma

The whole mess involving subprime lending and how blue-collar Americans defaulting on their mortgages can practically cause a world financial meltdown.
Let me see....??First of all people, who were most likely to default on their mortgages, were given loans at higher interest rates, by certain financial institutions that were aware these people had already been turned down by the major financial institutions.
Then these 2nd -string institutions gave out the loans on the basis of what has been described as a ''Liars Mortgages'',i.e. accepting the word of the customer regarding their capacity to repay without checking their veracity.They also had ''Teaser Loans''(low initial interest rates),40 year mortgages,''Piggyback''loans (a second loan to cover the down -payment,''Balloon'' mortgages (interest only for ten years), and one institution boasted of a ''Ninja''mortgage...(no income,no job,no assets).
Then these 2nd-stringers created what they called Mortgage Backed Securities and sold them on to other institutions,who in turn re-packaged these MBS's into what they called Collateralized Debt Obligations,these CDO's(?) consisted of the MBS's mixed with some low risk and medium-risk loans,sold these on to other financial institutions in packages and seemingly this went on and on ....so that we are now at a stage internationally that no-one really knows the extent of the dogy loans buried-in world -wide bonds and securities.....How does that sound??(thank you Gene Kerrigan of the Sunday Independent).


I wonder which role Russell Crowe plays in the remake of ''3.10 to Yuma'',the Glenn Ford or the Van Heflin part,a great little western ,great acting,right down to the character actor who played the town drunk...I think better than the much more expensive production with a similar theme,''Last Train from Gun Hill'',which starred Kirk Douglas and Anthony Quinn.
I hope the remake does justice to the original...I have yet to see a remake that does justice to the original film...or maybe its just my own nostalgia,....if it works (remake of 3.10), they could try another Glenn Ford' little'western......''The Fastest Gun Alive'',which also starred good old Broderick Crawford...and John Denher....which had a similiar theme to another film called Gunpoint''which starred Fred MacMurray.......now see what you started, Robert... ?????