To: FightThePower!
What sub-prime jitters? The default rate on such loans is no worse today than five years ago. Especially when compared to prime loan default rates. This is all one self fulfilling prophecy.
9 posted on
12/17/2007 12:24:52 PM PST by
blackdog
To: blackdog
What sub-prime jitters? The default rate on such loans is no worse today than five years ago. Especially when compared to prime loan default rates. This is all one self fulfilling prophecy. Only because the mortgage holders continue to push back the adjustments that are due, which is of course nothing more than delaying the inevitable.
MM (in TX)
32 posted on
12/17/2007 1:57:20 PM PST by
MississippiMan
(Behold now behemoth...he moves his tail like a cedar. Job 40:17)
To: blackdog
Greenspan STARTED this mess with his RATE CUTS!!
33 posted on
12/17/2007 1:57:30 PM PST by
Ann Archy
(Abortion: The Human Sacrifice to the god of Convenience.)
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