Free Republic 2nd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $70,902
87%  
Woo hoo!! And we're now over 87%!! Thank you all very much!! God bless.

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  • An Updated Summary of the Real Estate Boom Turned Mortgage Crisis...

    08/04/2009 11:06:40 PM PDT · by fiscon1 · 1 replies · 575+ views
    The Provocateur ^ | 08/05/2009 | Mike Volpe
    How did we get here? Here is a detailed analysis as I see it today and have seen it for the last nearly seven years from inside the mortgage industry. At the end of 1999, Alan Greenspan first began raising the Prime Rate. Many have speculated as to his motivation, however there is no doubt the result, he popped the internet bubble. By the time the damage was done roughly three trillion dollars had been lost in the stock market by the end of 2000. This jarring economic event was followed by the jarring economic events of 9/11 and the...