You want to know how crazy it is to live in NY?

Meet the $38,500 closet.

Wonder how much they could get for About.com?

"The housing boom would never have lasted as long as it did if mortgage lenders had to worry about being paid back in full. But instead of relying on borrowers to repay, most lenders quickly sell the loans, generating cash to make more mortgages." - New York Times editorial

Not to point out the obvious, but don't you think that the people buying the loans, are, well, you know, interested in being paid back? And therefore would be unwilling to buy pools of mortgages that they thought would have higher than acceptable default rates. I'm just saying . . .