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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: geode00 who wrote (147237)11/14/2008 2:42:37 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 173976
 
true, sacramento and Stockton are ground zero for the subprime and RE crises. But to be fair those areas peaked in Fall 05 and its been downhill ever since. In fact the number of foreclosures now is less than half of peak. We are through the crisis on mainstreet and going downhill from the top of the mtn. The banks otoh were about 2 years late in determining their debt was worthless.