<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/73aede20-4e52-4dc9-be0f-f5018750f5dd/7922CE54-7088-4081-A8CA-C85F86933563/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.subprimeblogger.com/will-the-subprime-mortgage-crisis-cause-retailers-to-go-out-of-business/" href="http://www.subprimeblogger.com/will-the-subprime-mortgage-crisis-cause-retailers-to-go-out-of-business/" style="font-size: 11px;">www.subprimeblogger.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.subprimeblogger.com/will-the-subprime-mortgage-crisis-cause-retailers-to-go-out-of-business/"><H2 class="post-title">Will the Subprime Mortgage Crisis Cause Retailers to Go Out of Business?</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.subprimeblogger.com/will-the-subprime-mortgage-crisis-cause-retailers-to-go-out-of-business/"><P><IMG height="298" width="300" alt="retailers" src="http://www.subprimeblogger.com/wp-content/uploads/2009/03/retailers-300x298.gif" title="retailers" class="alignleft size-medium wp-image-1907" />Prior to 2006, subprime mortgage and crisis were rarely, if ever, uttered in the same sentence.  It was the American dream to own a home and EVERYONE should have that right.  It did not matter if they made $6 an hour of $600 an hour, they still deserved to own a home in this great country.  During the housing bubble, that really took off in the 1990’s, we started to see individuals living above their means.  Buying a $240,000 home with a combined annual income of $60,000 was the norm.  Even if you were a subprime borrower who was extremely risky to lenders, you still got the loan you desired.  If you had any income at all, you deserved to own a home, right?  Wrong!  Unfortunately, it took one of the most severe financial crises in the history of the United States for us to fully understand this.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7922CE54-7088-4081-A8CA-C85F86933563/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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