“They shouldn’t be there in the first place.”
That’s kind of the attitude I seem to be getting from a lot of East Bay residents and beyond when there’s talk about the subprime fallout and how it’s affected all home loans.
I remember writing the story and talking to Christopher Thornberg, an economist and founding partner of Beacon Economics based in West Los Angeles. (For those of you who don’t know, West Los Angeles is the tony part of L.A. hence the emphasis on West.)
“I’ll make a different claim,” he said about people trapped in the subprime mess. “They shouldn’t be there in the first place.”
Posted on Friday, March 30th, 2007
Under: Uncategorized | Comments Off


