Saturday, March 29, 2008

CNN: Irvine is a Subprime "Ghost Town"

CNN finally pulls its head out long enough to notice the obvious. "Hey, something must have happened over there in ahh...Irvane...Irving...Irvine, CA or something. Let's go find out what it was and then report on it."

"Honestly, some people are still sitting here with their jaws dropping, saying 'How did it happen?' It was just so fast," said Jacquie Ellis, CEO of the Irvine Chamber of Commerce. "Typically when you have a downturn, it's a slow decline.
That's not what happened here."

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