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More Terrifying Graphs To Frighten Poor, Struggling California

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More worrisome graphs come courtesy of blogger Daily Kos, who writes that the subprime mortgages were never a significant part of the mortgage industry, but rather all those option-ARM mortgages were, and it's those mortgages that are about to implode. That's not necessarily new information, but the graph makes this data hit close to home. "The Option-ARM market was overwhelmingly concentrated in the state of California." Also, the commercial real estate market will implode very shortly, according to the blog, so best to prepare yourself for that mess. [Daily Kos]