Posted
8:19 AM
by Gene
Here's the beauty part:
If housing causes us a recession, it won't just be all these poor people and bad credit risks being snookered through subprime mortgages that did it, it will be the Richie Riches and CNBC phreaks who let their inner JIM CRAMER get the better of them and treated housing like pancakes, and who rather predictably got flattened on their own when they discovered houses weigh more than pancakes.