foreclosuregate one of many examples
"Down the Memory Hole," Alan Greenspan Style (tags)
Greenspan-caused housing bubble
Sean Baker on Finance Capitalism (tags)
Education and health care are the new gold. Without massive investments in education and health care, dour country will be under-developed and under-achieving.
William Greider Raps Predatory Usury Schemes (tags)
How did the country get into this unholy financial mess? Think usury! Acclaimed author William Greider points the finger at banks, and people of great wealth, “taking advantage of poor people by lending them money on terms that are sure to fail.” He blames others, too, like “The Fed,” under the reign of Alan Greenspan, the U.S. Congress, and Wall Street. Mr. Greider charges that these parties worked to “castrate” the watchdogs.
Cal Housing Bubble May Burst Soon (tags)
The basic rule of thumb that if you cannot afford to itemize deductions on your income tax form, you cannot afford a house is as true today as ever. A house is just forced savings and if you do not need the tax write-off, you are better off renting. The World Socialist Website has a good analysis of the pending bubble burst of the California housing market, which means now is a good time to sell if your house is not a tax writeoff.