What we think, or what we know, or what we believe is, in the end, of little consequence. The only consequence is what we do. - John Ruskin
Wednesday, April 11, 2007
The big question
In the housing implosion is this: who pays?
Lenders lent money like drunks buying drinks at a bar - no income? No problem! People bought houses they couldn't afford (whether they knew it or not). So, who pays?
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