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Old 08-23-2007, 05:53 PM
TampaFla TampaFla is offline
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If the Fed does "bail out" the housing industry/mortgage industry, 90 percent of the bail out will go to investors, 5 percent to banks, and the rest to those who "appear" to deserve it. Within 5 miles of here there are over 400 condo's in foreclosure, not 1 is occupied. That's were the bail out will wind up, not some family with 5 kids, an income of $50,000 living in a $400,000 house with an interest only mortgage.
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