Good thing GWB and Pelosi raised the minimum wage in 2008 which took effect in the middle of 2009 to jump start the ‘Obama recovery’ . Justice wouldnt you say?
I tell you, the first reason...the second batch of ARMs resetting...THAT, my FRiend, is going to be a bitch. It was mainly the sub-primes the first time. How about those other type loans? Also, is this mainly residential, or is one of the coming batch of ARMs resetting commercial?