Vicki

Wall Street Breakfast: Must-Know News

Leave it to former CountryWide executives to find a way to profit further, while of course helping the public like they did previously when originating those nefarious loans to begin with. Yea, do us a favor guys.

Nowhere Near a Real Estate Bottom

The home equity loans made real estate liquid investments, creating losers out of the millions of home owners w/ affordable fixed rate mortgages who partook. These "lines of credit" consolidated credit card debts, w/out cutting individual spending, creating yet another source of foreclosures. It all went hand in hand in our "lend anybody anything" frenzy. And, yea, we can throw blame everywhere, but when will we as a nation help individuals understand that you can't buy something you can't pay for...our national debt is how much today?