The Sub Prime Meltdown has created some devastating side effects. Hundreds line up to withdraw all of their savings from collapsing banks. The U.S. dollar has plummeted. Thousands of homes are being abandoned. Even the high cost of oil is partly caused by the lower U.S. dollar ! It seems that the entire U.S. infrastructure is decaying.
The cause for all of this..............GREED.
The mortgage companies and banks wanted more profits, the home buyers wanted mansions when all they could really afford was 3 bedrooms.
The wealthy with CASH are sure to take advantage of all of this and scoop up undervalued properties by the dozen and the poor man will need to start all over again.
Dan Laskowski
Wednesday, July 23, 2008
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