Curly Smith
2008-01-29 09:45:40
“He alluded to a “decline” in the housing market, forgetting to mention that for the first time in memory, housing values dropped.”
You must not have a good memory if you can’t recall the aftermath of the S&L fiasco, or the plummeting housing values in Houston and Denver when the price of oil collapsed. Yeah, they were “isolated markets” but the “sub-prime problem” is concentrated in certain markets as well.
