View previous topic :: View next topic |
Author |
Message |
mac
Joined: 07 Mar 1999 Posts: 17781 Location: Berkeley, California
|
Posted: Tue Dec 14, 2010 7:32 pm Post subject: The state of the economy |
|
|
Some here are wont to complain about the stimulus and Obama's managing of the economy. Certainly room for improvement. But I read this morning that 10.8 million households now own mortgages that are underwater. That's slowly going down, but is 22.5% of the homeowners. Does anyone doubt that bad loan practices in terms of risk, predatory loan practices, greed and stupidy among borrowers, and wild speculation in the housing market was the major cause of the current malaise? |
|
Back to top |
|
|
|
|
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum You cannot attach files in this forum You cannot download files in this forum
|
|
|