SHE loves to post articles derrogatory about all kinds of things "Americana," but really likes finding articles that make the United States military look bad.
And most people here know it. Sort of our very own "conservative" version of MurryMom.
Now that's not good! Why in the hell would someone do that? Doesn't the military have enough critics, not to mention terrorists to kill?!?
geeeze, Howlin, enough howling
Howlin you are barking at someone posting a newspaper article (mis)representing a very real phenomenon in the US today.
2 partners to my family members own mortgage brokerages, they are both based in NJ, they received internal numbers from Mortgage Bankers Association that are pretty grim, upwards of 8% of all home purchases in the last 6 years were made with ARMs that are coming do for rate adjustments, the MBA expects over 20% of that 8% to default on their mortgages. That the people who sell this expect substantially higher default rates in the coming years is a significant event that has the MBA testifying in front of Congress to defend the unscrupulous mortgage lending industry as a whole in this country.
Read how hard the MBA is spinning it's media machine to try to keep the backlash focused on any one but the industry:
http://204.255.124.181/NewsandMedia/PressCenter/44702.htm
Sometime during Bush's lame duck session the interest rates will have to be raised. It will be a mess for a few percent of US homeowners.