Housing woes

A realtor told me today that the only people buying are investors who have cash and they are paying fire sale prices on properties. The banks are no loaning money and nobody is building. Big bank WaMu is getting ready to writeoff another 14 billion in delinquent loans.

There was another big selloff on Wall Street, this time General Electric was hit - shocking news!

Americam Airlines cancelled 600 more flights, over 200,000 fliers are stranded and Froteir declared bankruptcy, a typical day on Wall Street.