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July 31, 2007
Cramer on Housing
Some food for thought via Cramer - he thinks 100% (yep, 100%) of mortgages written in 2006 are worthless - he says there is no difference between sub-prime and prime when it comes to 2/28 loans. Big implications for the economy?
Posted by davehod at July 31, 2007 08:33 AM