That is one of the best summaries of the “housing bubble” I have seen.
hey lets hear it for dodd and frank...... they can take the credit/punishment for this...... what goes around......
We are talking about entire generations whose credit is wiped out for at least a decade. Do the math about what a lousy credit score can and will do to a person and you can quickly see that there is simply no easy or fast way out of this mess. The claims that the recession is easing are outright lies because things have yet to get really bad...