Durable goods orders and interest rates are way down. Unemployment and home foreclosures are way up. To quote Nancy Kerrigan, “Why? Why? Why?”
CNN’s Manav Tanneeru takes a look at the housing market, the credit crunch and the ensuing “perfect storm” of the last few years while trying to make sense of it all. “A confluence of greed, lack of regulation and reckless borrowing played a role.”
A link to the full story is below.