Actually, the mortgage defaults are spread evenly across the entire economic spectrum with the exception of the rich, although if the large investment firms fail, you'll see a lot of "formerly" rich people who can't pay their mortgages either.
On Mon, Sep 22, 2008 at 9:19 PM, Robert Munn <[EMAIL PROTECTED]> wrote: > The Democrats are the ones who pushed and pushed and pushed to get > Fannie and Freddie to give mortgages to low-income homebuyers- people > who could not afford the mortgages they were signing. > > So what happened? Surprise! Three years later, the entire scheme > dissolved as those very same people that Democrats in Congress pushed > Fannie to grant mortgages to defaulted on their loans. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:270492 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
