This is amazing.
“There is no distinction between subprime and prime. When your home falls 20% that distinction goes out the window.”
We’ve been saying that for months. Thanks for finally getting the word out Jim.
Hat tip: HP and HD – great find!
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
- Goldman bonuses largest in firm's 140-year history - June 21st, 2009
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