[Retire Soon]

Quote:

Originally Posted by emilylynn Here is an interesting article that came out today. It explains why the "subprime" situation is just the first inning in a much bigger mortgage meltdown. Herb Greenberg » Blog Archive » Straight Talk on the Mortgage Mess from an Insider

Emilylynn, thanks so much for sharing this article. I just finished reading it and started the reader comments, which I will go back to later. I really wondered why our government seemed to be running around like chickens with their heads cut of the past couple of weeks. Now I know, from somebody in the know, Herb Greenberg. We are only in the first inning of this mortgage meltdown. I never really thought about all of the other so called prime mortgages that were in danger of default until I read this article. I recommend that everyone who is interested in this thread to read Mr. Greenberg's take on the situation.