The Republicans who created the mirage economy insist on saying everything is fine, that it's just the lefties who are complaining. Back in the real world those pesky facts just keep getting in the way of a good story. Credit card transactions are growing rapidly, reverse mortgages are hot, loans against retirement plans and life settlements paid early with pennies on the dollar are all experiencing rapid growth as real estate crumbles. Didn't the GOP and Wall Street tell us this also would be a soft landing?
Monday, June 02, 2008
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