The existing housing crisis in the united states is only going to get worse as the sub prime loans manage to switch through the honeymoon price towards the increased rate that has already seen many homeowners pushed over the edge and out of his or her homes. It is really an economic catastrophe that could continue to have serious effects around the US housing market as well as the economic system for a long time.
The banks need to shoulder a bit of liability in regards to the crisis considering
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