2009-08-22blogspot.com

``And besides, the present game can't last forever. The biggest scam in US history, which started in the 1930's, is on the verge of coming to an unceremonious end. Real estate prices that are artificially kept high by a collusion between the government and the banking world can only last so long, because it has one big glaring weakness. That is, it needs for people to either have money of their own, or, the favorite option by far of course, access to credit. Alas, people have little of neither left. And that leaves you, and all of us, with nothing to do but listening to a giant slo-mo sucking sound as prices fall slowly, too slow to reignite a market, saved from freefall by your tax money, which provides the main lenders with the necessary time to park ever more of their toxic losses in the GSE's.''



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