Bill Cara submits: For several months, some of the U.S. homebuilder companies acknowledged abnormal supply as well as pricing pressures in the marketplace. More recently, the sub-prime mortgage companies that recklessly financed the bulk of the industrys business discovered a problem with delinquencies and foreclosures.
From: biz.yahoo.com
Is America Headed for a Depression?
Posted by Ruslan Abuzant at 2:31 AM
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