Re: Wages Up by Smallest Amount in Nine Years

On Tue, 31 Jan 2006 14:25:43 -0500, Thumper wrote:

> Forc;osures are up 34 %.

This is the tip of the iceberg. Greed produced no money down and low
interest rates where the buyer was encouraged to keep removing equity from
his home mortgage. House sale prices have recently dropped twenty
percent. The owner will just walk away. The banks will be dumping on a
saturated market. Guess what, another S&L crisis only this time there's
no banks to transfer accounts to. To think, it's all the Fed's
fault.

--
Glenn

.

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