[blam]

"More Americans have lost their homes this year than during the entire decade of the Great Depression. A backlog of 7m homes is awaiting likely seizure by lenders. If you are not paying attention to this political time-bomb, perhaps you should."

Boy O Boy, my old poker playing buddies said last night (again) that we won't get out of this depression peacefully.

Prepare Now!

[bruinbirdman]

""More Americans have lost their homes this year than during the entire decade of the Great Depression."

Barney Frank is legislating to turn defaulted mortgages into rent-to-own.

The socialists in the legislature have rather successfully turned homeownership into an individual right. (The government has nationalized the mortgage industry)

When this happens, the courts will force the government to fund the grand industry of homebuilding/ownership.

Some would say this is a collaboration of industry and government (both parties)

yitbos