How you figure bear ? People, hell even this whole country, live far beyond their means! The whole sub prime mess was very similar to the stock market crash. Banks lending money they didn't have, just leverage on overvalued homes, to people that couldn't pay back. Sounds like a good receipe for disaster. Think about it for a minute, if the banks actually had to cover all the loans, why did Freddie and fanny need bailed out !
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