[sailaway21]

Hey Rick!

What's 94% of whatever was that figure you posted? I'll bet it's a lot bigger than 6% times the same number but then my math is rusty.

I can't imagine you're becoming weary. You've been talking us into recession since last summer. Now enough people are repeating it that it might well happen. Can't see you missing the sinking of the Titanic.

Here's an interesting thought, at least to me. I wonder how many people bought houses, houses they otherwise couldn't have bought, because of the liberal lending practises? Because I've got a sneaking suspicion that there are a heck of a lot more people out there with subprime mortgages who are paying their mortgage than are not. A whole passle of renters got to become homeowners a whole lot sooner than they ever thought they would. and I'm going to bet that most of them, the vast majority of them, bought a house within their means, even after the ARM re-set. And guess what, with the prices of houses falling and the like decline in interest rates, a whole 'nother bunch of people are going to get a whale of a deal on a house in the coming months. And guess who's going to get hurt in the whole thing? The pigs.

I'm stunned, no not stunned, I'm no longer stunned by any of your analyses, that you'd think Freddie and Fanny will be of help. both already had substantial problems before this mess. I'm not sure how dumping the leat credit-worthy on them is going to improve things.