rcraig

How AIG Will Affect Homebuilders [Housing Tracker]

Builders still make a profit with the way they are building homes today.
Think about it, why have so many of the big builders turned into their own financial institutions. No one wants to be holdig the bag on a bad decession.
Want to blame it on a single person, Blame it on A. Onassis for coing up with the concept of selling a mortage for a portion of the interest he would have collected if he held the loan until it was paid off.
As far as blaming politicians, remeber the checks and balance system of our government. Blame all of them equally.