The Mortgage Meltdown

Email this post Print this post
By Barry Ritholtz - December 15th, 2008, 2:00AM

Scott Pelley reports on the mortgage crisis that’s far from over, with a second wave of expected defaults on the way that could deepen the bottom of the U.S. recession.

Where’s The Bottom?

December 14, 2008

See also
A Second Mortgage Disaster On The Horizon?

http://www.cbsnews.com/stories/2008/12/12/60minutes/main4666112.shtml

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “The Mortgage Meltdown”

  1. Carlomagno Says:

    Well, hoocodanode? I’m astonished that the coming implosion of option ARMs is news to anybody who has been paying a modicum of attention over the last 2 years.

  2. Bruce N Tennessee Says:

    Any idea how much of this same problem in Western Europe?

  3. sellthekids Says:

    i watched this episode last night on TiVo. the comments of the acupuncturist made me so mad i almost threw the remote through the big screen.

    today, just in case i missed something due to my fit of rage, i listened to the podcast at work; i am now on life tilt b/c of the acupuncturist.

    how anyone who witnesses this financial meltdown can not be a misanthrope is beyond me. i am a self-professed misanthrope and it just makes me hate humanity even more….

52 queries. 0.327 seconds.