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Welcome to subprime's ghost town
money.cnn.com — A year ago Irvine, Calif., was still riding high on the subprime boom; then almost overnight the industry and more than 4,000 good paying jobs vanished.
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- AManWithNoName, on 03/27/2008, -0/+1A bit of an exaggeration...It's definitely a big deal for that many jobs to disappear that quickly in one place, but it's hardly a 'ghost town'. In fact, what with the economy as it is, a lot of this seems to be happening everywhere.
- Skeptica, on 03/28/2008, -0/+2The scums will return. You just need to pull out a few hundred dollar bills and they will come back. They made their kill, and they will do it again.
- tukachinchilla, on 03/28/2008, -0/+1Are we to feel sorry for these folks? Really?
People, this was this decade's dot-com boom, where a lot of schuysters got onto the bandwagon, tried to make something out of nothing, and most paid for it in the end. The end result is the same: we all pay the price for their inevitable failure.
