Relevant:
- New Orleans, Ravaged by Katrina, Hit Again by Subprime Crisis
- Congress Robbing $400 Million From Katrina Victims To Pay For BP Gulf Oil Spill
- Habitat Changes Its Tune on Defective Drywall; Must Gut at Least 70 New Orleans Homes
- Six More Charged in New Orleans Danziger Bridge Shootings
- With about 5,000 new units set to debut, some say apartment complexes may be slowing home sales
2007-06-29 — philly.com
"Some mortgage industry players and regulators contend that we shouldn't worry about high subprime foreclosures because the market will correct itself. This is like saying to the people in New Orleans after Hurricane Katrina, "We don't need to do anything now, because the water has gone back down."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.