Re: Home Foreclosures: Crisis Is Only Getting Deeper, conservatives echo Custer, indians, what indians?

On Thu, 15 May 2008 14:21:05 -0700, "FrediFizzx"
<fredifizzx@[EMAIL PROTECTED]
> wrote:

>Fortunately, the facts don't sup****t your "doom and gloom" scenario. 
>;-) About half of US homeowners don't even have a mortgage.  The 
>subprime thing is way overblown.  And the market knows that. 
>Foreclosures went from about 1 percent to 2 percent of total mortgages. 
>Not really that big of a deal.  Home prices are coming down, mortgage 
>rates have held steady or came down, so it will fix itself in not that 
>long of time.  It was an experiment to try to get more lower-income 
>people into homes and there was really nothing wrong with that.  It 
>didn't work out.  The bubble busted.  Move on.


LOL. Can you see the pyramids from there?