[Palmetto Patriot]

Destabilizing the housing market? The value has already dropped 50-60%, with 30% foreclosure rate

Weakness in the housing market provides the conditions for what this is really about.

They want to collapse the banking system.

With all of the houses that are worth less than people owe on them, they are seeking to have people stop paying on their mortgages. Foreclosures are taking about a year to complete, and banks cannot clear these loans.

Lerner wants the banking system to seize up again, creating another crash.

[itsahoot]

Destabilizing the housing market? The value has already dropped 50-60%

They wish it was only 50% in California.