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What about the criminals in the Bush administration that hatched and perpetrated this evil ,murdered Americans and Iraqis,robbed us in very way possible from pension funds to bank accounts to mortgages
and the housing crisis was not brought on by subprime loans it was brought about by the fragmenting and rebundling of those loans ,into and the selling of the same loan after bundling more times than could possibly be recooped,in other words fraud
There isn't much positive news in the housing sector. Largely as a result of the subprime mortgage mess, the number of homes that slipped into foreclosure proceedings in 2007 jumped 70 percent from the previous year, according to RealtyTrac. The National Association of Home Builders this week announced that new-home sales dropped 29 percent in 2007, the industry's biggest drop in four decades. In addition to those troubling stats, there are the ever-increasing costs of energy and recession worries to be concerned with.