Monday, December 29, 2008

Not if Barney Frank has his way....

When Will Homeowners Realize Have Some Responsibility For What's Happening?

This story by Nancy Trejos from the December 21 business section of The Washington Post definitely got my attention. To my mind, the money quote was from a homeowner who was complaining about his situation, especially about his inability to refinance his second loan on a home that is now worth much less than when he bought it:

It's no fun when your house is upside-down by $80,000. I didn't create it.

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