Tell me what you think of this: "The subprime lending market is going to get worse,'' said Jim Rogers, chairman of Beeland Interests Inc., who is selling short shares in Fannie Mae, betting on a price drop. "We've had many housing bubbles in America in the last couple of hundred years. This is going to be the worst.''
That's from an article addressing, among other things, HSBC's falling profits as second chance loans default. Here's the full article: http://www.bloomberg.com/apps/news?pid=20601102&sid=a04KFu4GTblE&refer=uk
Will this fiasco actually be the worst ever? I find that hard to believe, even though I'm not nearly as creatively-optimistic as the National Association of Realtors, who seem to fabricate good news from nearly any crisis (hey, my partner is a Realtor, so I can take some liberties here). What do you think?
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