Tuesday :: Apr 6, 2010

Open Thread

by Mary

Is the housing market done imploding? Probably not. Seems the banks don't want to actually take on the homes which are technically bankrupt. You can think of the banks' dilemma like if you loaned some money to your deadbeat cousin but declared that the money you loaned is actually still part of your assets rather than admit it is actually gone.

Mary :: 12:00 AM :: Comments (9) :: Digg It!