The housing spiral is the first element of the crisis. There are many other elements, as I noted in my post about economist Alan Gin's talk last week, but housing prices and lax lending requirements started the snowball.
On Tue, Feb 3, 2009 at 7:42 AM, Gruss G wrote: > > > RoMunn wrote: > > When homes go low enough and banks feel better about their balance sheets > > and start lending, the housing spiral > > I can't state it enough: you are ignorant or delusional if you think > this simply a housing problem. > > That's like a quarterback with no front line claiming he's got a > noseguard problem. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:287196 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
