[lbo-talk] subprime

Doug Henwood dhenwood at panix.com
Tue Sep 11 14:08:15 PDT 2007


On Sep 11, 2007, at 4:50 PM, Dwayne Monroe wrote:


> That is, (paraphrasing now) 'people facing foreclosure
> are often pressed to the wall by larger personal
> financial issues and not by resetting rates alone.'

No, but the resets are only now just starting, and rise through mid-2008. Here's a chart:

<http://www.dailykos.com/storyonly/2007/9/10/175059/351>



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