Comments on: What A Ceiling! http://housingdoom.com/2008/10/22/what-a-ceiling/ Thu, 24 May 2012 01:57:19 +0000 hourly 1 http://wordpress.org/?v= By: MikeC http://housingdoom.com/2008/10/22/what-a-ceiling/#comment-14554 MikeC Wed, 22 Oct 2008 19:19:55 +0000 http://housingdoom.com/?p=1734#comment-14554 Liz Ann Sonders, chief investment strategist at Charles Schwab & Co. says in a nutshell: (1) U.S. has been in recession since December of 2007 (2) People who "bought" homes need to take some of the blame and losses. Somebody who lied on a mortgage application, is upside-down on a mortgage after putting 0-down, and was not able to afford the first payment is by NO MEANS a "homeowner" [so why is heaven's name would they deserve to be bailed out?] Video and article: http://finance.yahoo.com/tech-ticker/article/99794/Recession-Now%3A-Its-Deep-and-Its-Going-to-Last-a-Long-Time%2C-Sonders-Says Liz Ann Sonders, chief investment strategist at Charles Schwab & Co. says in a nutshell:
(1) U.S. has been in recession since December of 2007
(2) People who “bought” homes need to take some of the blame and losses. Somebody who lied on a mortgage application, is upside-down on a mortgage after putting 0-down, and was not able to afford the first payment is by NO MEANS a “homeowner” [so why is heaven's name would they deserve to be bailed out?]

Video and article:

http://finance.yahoo.com/tech-ticker/article/99794/Recession-Now%3A-Its-Deep-and-Its-Going-to-Last-a-Long-Time%2C-Sonders-Says

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