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Who’s Paying the Bill?

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What's the impact here on the average taxpayer?
I don't think we know yet. Credit Suisse has estimated that there will be more than 6.5 million foreclosures in the next three to four years. That's just the foreclosures themselves. Additionally, 46 million homeowners are estimated to see their home value drop by $356 billion. So really, it really goes beyond the financial markets.

© 2008

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Member Comments

  • Posted By: Nowforthetruth @ 10/12/2008 8:27:54 PM

    This link of a CSPAN video clip may help set the context, as these hearings were at the time of McCains attempt at S.190.

    http://www.youtube.com/watch?v=_MGT_cSi7Rs

    "Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis"

  • Posted By: cactus234 @ 10/02/2008 12:48:21 AM

    Americans don't bailout terrorists. We impeach.

  • Posted By: haynessemperfi @ 09/28/2008 9:08:51 PM

    http://www.beachwoodreporter.com/politics/nader_predicted_wall_street_me.php

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