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m_winston

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m_winston

Re: MasterPicker1 post# 560914

Monday, 08/20/2007 12:10:49 PM

Monday, August 20, 2007 12:10:49 PM

Post# of 704019
I don't know specifically if CFC is going down but I do think quite a few of the major home builders, banks and lenders are going to file for bankruptcy as homeowners start to default on those "funny" loans.

Some of the builders gave the loans to customers bypassing the banks and thats going hurt them.

This ain't going to be pretty because the homebuilders have over three years of unsold inventory and they are still building.

I hope the Fed stays out of the picture and just let the inevitable play out.
MW

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