Reply #145: Here's what Paulson said [View All]

"Paulson, in remarks prepared for a New York speech, said that the country was facing an unprecedented wave of 1.8 million subprime mortgages which are scheduled to reset to sharply higher rates over the next two years."

yes, i'll have to get a hearing aid, 1.8million not 108 million but in the link you posted he still doesnt sound very optimistic

Then again, when did we ever know this administration to ever tell the truth about figures. The 9 trillion we owe it now turns out does not include the amounts for the war.

Also they have no way of knowing exactly how many subprime mortgages are out there and have been sold all over the world.

Nevertheless even if he admits to 1.8 and its actually 5 million, that is nowhere close to 108 million. My apology for the mistake. Good you found that