Tuesday, September 25, 2007


Since I'm involved, locally, with providing affordable housing for low & moderate income folks, I've always been concerned with the subprime market. The fears of the DFH I work/ed with, have apparently come true, but, of course, we are still wrong, even if we were right. That the Bu$hco ReThugs for you. & I'm sitting on the ceiling right now.
Existing home sales slumped again last month, and a large home builder reported its worst-ever quarterly earnings today as fallout from the subprime mortgage crisis continued to cause havoc in the housing sector.

My emphasis.

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1 comment:

Neponset River Bridge Dig said...

There are always snakes lurking in the grass to take your money. Buyer beware!! Anyone who got involved with a subprime loan should have their head examined.