To: VOA
"
3. AND, for anyone that didn't see a problem with subprime loans coming... YOU'VE BEEN LIVING ON ANOTHER PLANET, IN A CAVE, OR IN A FREAKIN' COMA FOR THE PAST TWO YEARS!!!!!" The sub-prime loan 'problem' was manufactured by media muscle. There was no problem; interest rates were holding low enough that refinancing was working smoothly until the drive-bys started screaming "housing bubble," and the sheep started to believe them. Keep on worshipping the liars.
469 posted on
09/21/2007 5:51:50 PM PDT by
editor-surveyor
(Turning the general election into a second Democrat primary is not a winning strategy.)
To: editor-surveyor
There was no problem; interest rates were holding low enough that
refinancing was working smoothly...
Well, maybe Mid-Missouri is an exceptional case.
Foreclosures and tax sales are published weekly here.
And they have simply kept growing and growing and growing over
the past six months.
I guess it could be an illusion.
Along the lines of "don't believe everything you read".
475 posted on
09/21/2007 6:03:38 PM PDT by
VOA
To: editor-surveyor
The sub-prime loan 'problem' was manufactured by media muscle. How are you investing your money? T-Bills, Dow stocks, Overseas, Emerging markets?
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