Domino Effect w/ Sub Prime being the first to fall ? Seems to me there are alot of LIAR LOANS out there that everyone was getting as long as the banks would give them. Now they can have them back ! Too bad they were packaged up and sold to Wall Street. Hot Potato…. Or Tag..your it… Back to the lender, mortgage broker, real estate agent ?Especially bad here in California where there is little regulation on the mortgage industry. Now that EZ money has about stopped, WHO in their right mind can buy and would buy at these prices ? CLASSIC SPECULATIVE BUBBLE leaking faster and faster each day. Sellers will have a rude wake-up call this spring.
