2010-05-28oftwominds.com

``The fundamental root of the housing bubble--the collusion of the Central State and banks to extend home ownership to millions of citizens who did not qualify for that burden-- remains firmly in place. ''



Comments:

catherine at 21:16 2010-05-29 said:
crap,

unemployment and securitization of falling collateral to 500 trillion.........root cause when we are done............root cause of all of it.

we could have tanked the entire subprime industry IF IT WASN'T SECURITIZED and would have survived no problem. Permalink

tvsterling at 21:50 2010-05-29 said:
Very Accurate & succinct. The problem is that 99% of Americans get their information from main stream media which is in on the deception & committed to pushing it off on the public. When readers of Implode read this it's old news. Trust me I have tried to bring friends, co-workers etc up to speed & all this is a revelation to them. Our little community is practically unknown & probably doomed to stay that way. Permalink

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