House_of_Cards,_1of2

Report on the causes and consequences of the bursting housing bubble, credit bubble, and the subprime, mortgage, and foreclosure crises. [1of2]\n\nSome choice quotes:\n\nQ: You knew this was big decision, right? You were borrowing hundreds of thousands of dollars.\nFB: I didn\'t really look at it like that.\n\n . . . . . . . . . . . . . \n\nQ: [The FB\'s] say they can afford the higher payments, but see no point in making them.\nMan FB: The house keeps going down, the payment keeps going up ... where\'s the logic in that?\nWoman FB: Why pay a $3200 dollar payment on a 1200 square foot home? It makes no sense.\n\n . . . . . . . . . . . . . \n\nEconomist: [The subprime crisis] is contained only on planet earth.

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