So not only did the mortgage trap catch low-income earners, it caught lots of other folks who got caught up in the easy money bubble.
We can all say thanks to Congress for this mess. On Mon, Sep 22, 2008 at 10:48 PM, Maureen wrote: > 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. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:270494 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
