Tuesday, July 22, 2008

"Not by recession, but by stupidity"

In San Diego a disproportionate share of subprime loans were doled out two and three years ago to minorities and immigrants in the same zip codes with predatory arrogance and wishful thinking. Now bank-owned, ghost-town neighborhoods languish and drag down property values across other San Diego neighborhoods.

1 comment:

  1. Hey there,

    I think people will not be able to pay off their debts to banks, due to economic down turn in USA and people make less $ than they earned last year..