8.03.2007

Ha!

On the day when Wells Fargo raised mortgage rates to 8%, as mortgage lenders are collapsing left and right, and ahead of millions of mortgage rate resets, OMB Director Rob Portman just said that housing "does appear to have bottomed out now."

Heckuva job, Portie!

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There are already 25 times more millionaires in the US than people who will ever be able to own one Bitcoin.