But wait a minute now - wasn't Bush's "more people than ever own their own homes' brag a big reason why he got re-elected? The economy is doing so well all these people have their own homes?

I just remember something like that....

BTW, my sister is one of the folks that lost her home. She paid 55k for it. Added on a lot to it, put a new pool in, owed 30k on it (had taken a second mortgage to add on to it)...came down with bad fibro and became disabled. Was struggling but making it, trying to get her disability - but then boom! She got thyroid cancer and was having surgery & chemo right as they were foreclosing - she walked away with nothing to show for years of putting money into that place - and it sold for 130k. (This is in a very rural area with low cost of living.)

She has her disability now, and she got her back pay, but it took her 2 1/2 years to get it - but its too late.

The bank made a killing on a very bad, sad situation. Now she goofed up and should have just paid the place off instead of turning it into a showplace...but that's what you get sometimes for working hard and hoping for better.

RE: YouTube - Jim Cramer Blows a Head Gasket 8/3/07