What are those policies and how would they have worked. Why is it ironic?
And this:
"Income decline is not the only aspect of the misery. A majority of middle- and lower-income Americans are seeing their net worth fall because their largest asset is typically the value of their home equity—and home prices have declined in value by at least a third. Given mortgage levels, on average this has wiped out perhaps two thirds of home equity. No wonder people are feeling the pinch, not to mention that many buyers and homeowners are spooked when so many homes are underwater with mortgage debt exceeding the value of the property. There is still almost $3.7 trillion in excess mortgage debt that Americans need to pay off just to return to normal loan-to-value ratios on housing, according to St. Louis Federal Reserve Bank President James Bullard."
You trying to lay that one on the current administration? LMAO at that.
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In 1984 I was hospitalized for approaching perfection.
- gsw_hoops 2012-05-19 17:24:24 (128 views)
- gsw_hoops 2012-05-21 14:02:59 (27 views)
