The general American public got greedy, not just the sub-prime
homeowners, but now we arfe going to see a HUGE crash
of the mid to higher end mortgage owners, who HAD to have
a 5000 sq ft. McMansion with commercial grade kitchen
appliances etc.
This last couple of generations were a bunch of spoiled
brats, and now it's gonna kick them in the teeth!

Did anyone see 60 minutes yesterday? About the upper end
mortgage bubble that is going to burst BIG-TIME?

It's sort of similar in retrospect to the roaring twenties
all over again... The largest asset bubble is bursting,
and greed and the "I gotta have my sub-zeros and two BMW's
mentality" is tapping a lot of U.S. consumers on the shoulder...
not just the sub-prime customers.