Quote of the Day- Gordon Brown

Responding to criticism that the UK property market is crashing, Gordon Brown stated:

"We’ve seen house prices rise by about 180% over the last 10 years and
they have risen by about 18% over the last three years, so a 2.5% fall
is something that is containable," Brown said.

A quick check shows that Bear Sterns was up 150% over the last 10 years as at Dec 2007 ($90/share)…

Then, the bottom fell out and the stock is trading down (87%) YTD ($10/share). What destroyed their share value? The credit crunch.

Guess what’s about to crack the UK housing market?

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