Subprime Fall out continues

As we’re emerging from one of the worst weeks in Wall St. history, it seems clear the contagion brought forth by the subprime mortgage problems is undeniable.  According to the implod-o-meter, 258 mortgage lenders have gone belly up since 2006.  Housing prices continue to fall throughout the country pinching homeowners who greedily maxed out their home equity lines to buy flat screen TVs and new SUVs.  Oops.  New home owners are licking their chops hoping prices will continue to fall, but will they be able to get a mortgage even if they do?

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