Re: OT Sold It!!!!!!!!!!!!

TBone wrote:

> Once again Miles, you don't seem to see the big picture.  The housing
bubble 
> and its aftermath is the reason for our current bad economy which is
every 
> bit as bad as the news suggests for the majority of people

BULL.  You seem to be of the type that believes the medias overblown 
talk about foreclosures being off the chart.  In reality the 
foreclosures deal with subprime loans.  They make up less than 5% of the 
mortgage market.  Next, realize most that are going through foreclosure 
were perfectly capable of making the payments.  They bailed because it 
was a financially good thing for them to do when they ended up owing far 
more than the house is worth.  Take a hit on their credit record, put 
down 20% on a new home at far less than their prior one and they come 
out ahead.  The idiots who decided to go with the subprimes and the 
lenders who sold them are to blame and should both take the fall without 
government bailing the lenders out.