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  • The U.S. Economy After the Bailout [View article]
    Good points about housing. It will continue to correct regardless of any chance of re-liquifying the MBS market. We have a serious oversupply of homes ready for and soon to be ready for the market. As long as the overhang exists, expectation will remain that their will still be more foreclosures down the road. Not all foreclosures are due to sub-prime lending. Many who bought 20, 30 or 40% higher will walk away down the road. Time is the antidote.
    Oct 01 17:09 pm |Rating: 0 0
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