tag:blogger.com,1999:blog-2171776489221716830.post1285042062504778079..comments2024-03-28T00:18:10.569-07:00Comments on Demeur: Demeurhttp://www.blogger.com/profile/01935263659097273535noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2171776489221716830.post-32918868934339943342007-08-17T03:47:00.000-07:002007-08-17T03:47:00.000-07:00The record number of forclosures? That's easy, ban...The record number of forclosures? That's easy, banks gave loans to too many people who were not qualified for a loan or gave 100% loans. They then sold those loans that were then turned into an investment that looked like or was part of a money market investment. When the variable rate loans ticked up the party was over. See the Invictus post over at Blah3 for the rest of the story. And sorry to say it's not over yet, this is just the begining.Demeurhttps://www.blogger.com/profile/01935263659097273535noreply@blogger.comtag:blogger.com,1999:blog-2171776489221716830.post-82290174951326459952007-08-15T01:18:00.000-07:002007-08-15T01:18:00.000-07:00Oh, but the economy is just fine! Everything is g...Oh, but the economy is just fine! Everything is great! Bush says so!<BR/><BR/>He may actually believe everything is fine and great, because his staffers may be afraid to tell him the truth. Apparently his staff has to walk on eggshells around him because he has a very quick temper. And in his case, the temper can get set off by him hearing things he doesn't want to hear.<BR/><BR/>The American middle class appears to be dying. What's with the record numbers of foreclosures, anyway?Snavehttps://www.blogger.com/profile/13763424943041003098noreply@blogger.com