Wednesday, September 24, 2008

Fannie's Orphans

From the September 24, 2008 Seattle Times:

Says the repo middle man: Forget the bailout. Banks, homeowners: They mostly don't deserve it.

"You know what homes are in foreclosure? The ones where people sucked all the equity out," Shank says. "They went to Vegas. They bought Suburbans. They didn't think past whatever day it was."

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