Saturday, August 9, 2008

Expert Says U.S. Housing Slump Worst Ever

But everything is fine, 'murka; go back to that bowl of (Edwards) shit you are eating.

"Fannie Mae posts $2.3b loss; Company will end Alt-A home loans" by Bloomberg News | August 9, 2008

WASHINGTON - Fannie Mae, the largest US mortgage finance company, reported a wider-than-expected loss and slashed its dividend 86 percent yesterday, saying the worst housing slump since the Great Depression is deepening.

Paul Miller, an analyst at Friedman, Billings, Ramsey & Co. in Arlington, Va.:

"This thing is going to get worse and last longer and deeper than they originally thought."

Not ALL of US!!!!

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