Everyone needs someone to blame, including Wall Street. In this case the blame seems to be coming down to one sector; housing. The take over of Freddie Mac and Fannie Mae, Lehman Brothers filing for Bankruptcy, and Merrill Lynch selling themselves to Bank of America; all comes back to the deteriorating housing market.

As experts have suggested, the housing market has not hit bottom. Subsequently there will be more trouble on Wall Street.

This entry was posted on Thursday, September 18th, 2008 at 12:51 pm and is filed under Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.