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Nobody Could Have Predicted

Posted in Main Blog (All Posts) on August 19th, 2008 4:39 am by HL

Nobody Could Have Predicted
That the housing bubble-related housing crisis might be a wee bit more problematic than most “experts” usually cited on the subject.

NEW YORK (Reuters) – Stocks fell on Monday as investors fretted about the prospect of more losses from the mortgage crisis, sending shares of the two big U.S. home finance providers and other financial companies lower.

Investors were hit with a one-two punch from news pointing to no let up in the credit crisis stemming from the U.S. housing slump.

Early Evening Thread
enjoy

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