foreclosures

Foreclosures are up 53% in June. Fannie Mae stock drops 20%. Fear that it will go under pervade the stock market and it drops accordingly. There are several foreclosures in the Springs. And the Council decides THIS is the time to take on MILLIONS of dollars in debt? Incredibly stupid. Ignorance beyond belief. Asinine. Ridiculous. How many ways must this stupendous stupidity be described? Has NOBODY in City Hall ANY common sense? fiscal responsibility? Awareness of the overall economic picture? Fannie Mae has TRILLIONS of dollars in loans and if they go down EVERYONE will suffer. How long can our city officials live in La-la land? twilight zone? Whereever they are living its obviosly not in the same reality as the rest of us! The bungling, stumbling, and fumbling HAS to stop somewhere, doesnt it? Where does THIS buck stop?