Posted on 10/27/2009 2:19:17 AM PDT by emanresUyM
Without question, Tejada's loan is toxic--to her and to the taxpayers who are backing the loan....
In case you're not in tune with exactly where housing prices are set to keep plunging like an overworked plumber for the next several years, it's... drumroll please... California. And if (or, to be more accurate, when) she gets sick, or loses a job, or gets into an auto accident, or simply can't sell her house for what she needs to sell it for, you get to help cover the losses! Aren't you excited?
(Excerpt) Read more at meltingpotproject.com ...
this bubble has no consumer demand though, its just bubble inflated by free money
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