Bloomberg - "Housing Slump May Force Fed to Pare Annual U.S. Growth Estimate" (2-26-07)

"The U.S. may be saddled with more sluggish growth than the Federal Reserve expects as the economy struggles to shake off a lingering hangover from the housing bubble."

"The worst case: Distress already evident in the riskiest part of the mortgage-lending industry turns into a full-scale credit crunch that cripples the housing market and the economy."