Filed under: Your Afternoon Credit Crunch By Lockhart Steele Mar 12, 2008, 1:41pm PDT Glad tidings today from Freddie Mac CEO Richard Syron, who says, in his opinion, national housing price drops are only one-third done; we're in a 100-year storm in housing; and, as such, it's the worst U.S. housing market in a century. Alright, as you were. [The Big Picture]