osewalrus (osewalrus) wrote,
osewalrus
osewalrus

fatlefty Predicts Massive Bank Failures of Banks Remain Idiots.

Based on the latest stats from the feds, ten percent of mortgages are now secured by property with zero or negative equity. This is likely to double by next year. fatlefty explores what this means at: http://www.wetmachine.com/item/1095
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