| In addition to having a recession, which is likely to be long and deep, tens of millions of homeowners are seeing much of their life savings disappear before their eyes. After all, the Fed chairman and other experts assured them that there was no bubble, so why should they think that the price of their home could fall 30 or 40 percent? |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.