[Red Steel]

He also said there are hundreds of millions of dollars outstanding in home-equity loans that could be worth zero, too.

That many people are about to default on their loans?

[Pelham]

California.

[Glenn]

That many people are about to default on their loans?

People cross a line. They thought they were being clever. There's no turning back for many of them.

I am glad I learned my lessons in the 80's. Pffft to you Boomer Bashers who got sucked in. It's you turn to learn the lesson.