The Fed's role in the Housing Crash of '07


	The Fed's role in the Housing Crash of '07

tabsey

10-18-2007 11:43 AM

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tags:

economy, politics

tabsey says:

Paragraphs too big to clip. Well worth the read, especially if you fell into the Greenspan web of deceit.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/20b3b077-4569-4377-89fe-a5b29dfbdf5e/0050A844-4EC0-462B-8954-B84D8DA44351/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.informationliberation.com/?id=19345" href="http://www.informationliberation.com/?id=19345" style="font-size: 11px;">www.informationliberation.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.informationliberation.com/?id=19345"><DIV>
The  American people appear to be oblivious to the economic hurricane which  is expected to touchdown in late 2007. That’s when $1 trillion in ARMs  (Adjustable Rate Mortgages) will “reset” triggering a massive increase  in foreclosures and plunging the country into a deep recession. If  energy costs continue to rise at the same time or if the dollar loses  more ground, we may be rooting around in the backyard garden-plot  looking for passed-over spuds and radishes.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0050A844-4EC0-462B-8954-B84D8DA44351/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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