[nmh]

Good post!

Some may not like the truth you post through reputable newspapers (even if they are left leaning). Even right leaning papers are saying the SAME things. My best guess is that they are sweating it out with THEIR interest ONLY loans on houses they can't afford and don't want it rubbed in their faces. If you looked under their chairs ... I'd bet you'd see HUGE brown spots as they sweat it out.

[ex-Texan]

The powers that be do not want the sordid truth to come out. Lenders are making irresponsible loans for the purpose of continuing House-ATM Machine-Bubble. Naive buyers who cannot afford houses have been defrauded and signed up for very risky loans out of a sense of desperation. This whole mess is going to explode into print pretty soon. I have heard that Congress and the Justice Department are investigating allegations of massive fraud and organized crime in the mortgage industry. I see many ramifications and possibly severe repercussions ahead.

The people attacking me on this subject may have private personal motives for piling on. Their efforts were really intended to censor the subject matter.