'08 is startin' to look more-and-more like '92, all-the-TIME (http://money.cnn.com/2007/11/13/real_estate/no_abatement_in_foreclosures/index.htm?cnn=yes)!!!! :rolleyes:

92 never looked anywhere near this bad.

92 never looked anywhere near this bad.
Wanna try, again (http://www.msnbc.msn.com/id/21773741/)?

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"In his testimony last week, Bernanke told Congress that the losses from the current turmoil in the mortgage market could eventually approach those seen in the late 1980s, when the savings and loan industry collapsed under heavy wave of real estate defaults, some of them the result of fraudulent transactions."

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Daddy Bush is still the record-holder.

"Analysts said the current downturn is already more severe than the housing slump of the 1990s. They predicted that before it is resolved, it will rival the 1980-82 housing slump (http://biz.yahoo.com/ap/071024/economy.html). Back then, the industry was battered by double-digit mortgage rates and the economy was in a steep recession."