If you would be a real seeker after truth, it is necessary that at least once in your life you doubt, as far as possible, all things.
- Rene Descartes
Reality Check ?
Monday, December 10, 2007
LOU DOBBS - FORCLOSURES & HOUSING CRISIS
Andrew Jakabovics of the Center for American Progress tells CNN's Lou Dobbs Tonight that according to a recent CAP study, 38% of new home loans are underwater -- in other words, the mortgages are worth more than the houses. Dobbs' commentary after the report skewers the Bush administration's response to the housing crisis.