2008-05-29 — nakedcapitalism.com
"As the mortgage mess grinds on, just as with body counts in war, we are getting to the point, as matters get worse, that the numbers don't have the impact they used to or ought to. The forecast that housing prices may fall 30%, which would put over 40% of the US mortgages underwater, is now a possible outcome, not a scene from a financial horrowshow."
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