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Real Estate & Property Law

: Closing Real Estate in Chicago

Words to Describe the Subprime Crisis...

By Peter Olson, Esq.

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I think it's the best description I've seen about the current mortgage malaise from my favorite former member of the Bush cabinet, Paul O'Neil:

NYT: It?s so hard to understand how the subprime mortgage crisis has triggered a financial crisis of global proportions.

A: If you have 10 bottles of water, and one bottle had poison in it, and you didn?t know which one, you probably wouldn?t drink out of any of the 10 bottles; that?s basically what we?ve got there.

Full post as published by Closing Real Estate in Chicago on March 29, 2008 (boomark / email).

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