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To: LowCountryJoe
5. Most Americans are losing their homes.

No, but in some neighborhoods as many as 15% of the homeowners are.

20 posted on 01/01/2008 6:34:59 PM PST by BJungNan
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To: BJungNan
No, but in some neighborhoods as many as 15% of the homeowners are.

Is it because they're not repaying their mortgages according to the terms of their loans? I have no sympathy for welchers, flakes, and people who over extended themselves. But I guess the holders of mortgage-backed securities will take it in the chin because of misplaced blame, populism papulism, and otherwise falling for the trap of doing good for the unfortunate of our society.

24 posted on 01/01/2008 6:47:29 PM PST by LowCountryJoe (I'm a Paleo-liberal: I believe in freedom; am socially independent and a borderline fiscal anarchist)
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