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QB Kate

On 60 minutes tonight: The mortgage meltdown hasn't started yet! How much more will come? Trillions!

QB Kate:

Apparently the commercial mortgage melt down will not even start untill 2009 and last 3-5 years. Sub prime was only the start! There are several other exotic kinds of mortgages out there that will start coming due NOW!!!!!!!!!!


The "RIDE' has just begun!


My cousin in Southern Calif. told me she went Christmas shopping in Moreno Valley yesterday and the parking lots at the malls were quite empty compared to what they usually are at this time of year. I guess that part of the US has really gotten hit horribly with the mortgage meltdown. Lots of foreclosures, job losses, etc.

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