October 31, 2008 /

Quicksand

When no matter what you do, you keep sinking. That’s the best way to sum this up: Nearly a fifth of U.S. borrowers owe more on their mortgages than their homes are currently worth – and that number is growing. 20% of American homeowners are in quicksand right now and more are stepping into it. […]

When no matter what you do, you keep sinking. That’s the best way to sum this up:

Nearly a fifth of U.S. borrowers owe more on their mortgages than their homes are currently worth – and that number is growing.

20% of American homeowners are in quicksand right now and more are stepping into it. This is why we need to help bailout the middle class. Of course the Republicans will lead you to believe that no one is to blame on this but these people themselves – predatory lending be dammed.

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