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Video: The Crisis of Credit Visualized

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Bagua5/02/2009 4:34:26 pm PDT

re: #94 Wasta

I think if you look at the one image where the cost of the house goes from $300K to $90K is more than a bit of an exaggeration…not saying houses can’t lose 70% in value, but I don’t know of any in my neck of the woods….but give the govt time….

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Exactly, that was one of them, elsewhere he called the mortgages “worthless”. Lots of exaggerations like that.