Thu, 27 September 2007
September 27, 2007
Money: sub-prime lending is a calculated mess. Like a closet, all the pieces need to come out, be sorted and dealt with. Policies will change, credit may tighten for a while, investigations will be conducted, rents will go up to seize the advantage, homes will be lost- and gained. Investors will pick up property out of foreclosure. And maybe we will have learned some lessons.