-We are no where near the bottom of the housing crisis yet.
-Bank write offs will likely be worse than expected, the market will likely sell off at some point, and further rate cuts/bail out plans are likely inevitable.
-Another reason for FBs NOT to pay their mortgage.
“Fry said he has 12 full-time employees and two temporary workers he just hired handling nothing but foreclosures.” – there is some job creation from the deflating bubble.
