Housing Crash Continues

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From: Anonymous
Date: Fri, 15 Dec 2006 04:55

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The real estate market hasn't yet bottomed 
out, Wells Fargo & Co. Chief Executive 
Officer Richard Kovacevich said yesterday in 
an interview.

The company, the nation's biggest lender to 
homebuilders, expects the housing market 
decline to end by ``late spring.'' About a 
fifth of the 375 metropolitan statistical 
areas in the country have had home price 
decreases of 20 percent, he said.

``It's pretty ugly at the moment,'' 
Kovacevich said. Home prices are ``really 
down much more'' than recent economic 
reports suggest, he said, citing the 
company's internal data.

--You gots to axe yoself, who benefits?  The 
jews.

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Subject: Housing Crash Continues
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Date: Fri, 15 Dec 2006 05:55:29 +0100 (CET)
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