2013-10-26counterpunch.org

``It sounds like the banks still haven't even dumped the subprimes they've had on their books for 5-long years. In fact, the article alludes to that very fact. Here's the money-quote: "Subprime loss severities have remained flat with timelines in excess of 34 months and home price gains lower than the national average...'' this is the weirdest housing market of all time. The extent of the manipulation is simply mindboggling. It's a stretch to call it a market at all since the fundamentals have been tossed out and replaced with fake rates, fake inventory, fake mortgage modification programs, and fake demand''



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