Posted by skyharborcowboy on January 22, 2008 at 05:55:09 from (75.211.222.48):
In Reply to: WOW! posted by Allan In NE on January 22, 2008 at 05:43:25:
There will be more to come! In a way, this hiccup in the economy is the exact reason there will never be a policy to send all of the illegal aliens back to their home countries. No one ever expresses this scenario.
Imagine sending 20,000,000 back home. Conservatively that is 4,000,000 homes that no longer will be receiving rental payments to land lords! Can you imagine the what that would do to the price of everyones home nationwide? Since most people are so heavily in debt to the bank that banking industry would collapse and can you imagine that recession!
Either way, there will be more cuts in the prime sometime in the summer and possibly another in the fall!
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