Thursday, December 04, 2008

Question of The Day - S&Ls To Collapse Next?

Will S&Ls meltdown next?

Why would they perform any better during this downturn than they did during the housing bust of late 80s and early 90s?

Aren’t we simply just now entering the period where supposedly “prime” mortgage portfolios will come under significant stress as rampant unemployment lays waste to the cash-strapped and largely insolvent middle-class?