Friday, May 29, 2009
Mortgage Crisis: 12% Are Late, Foreclosed
The House of Cards Crumbles:
Special Interest (neo-CONs/AEI/AIPAC/Military Industrial Chemical Complex/Bankers/Money Changers) wanted a war in the greater Middle-East with the blood, toil, tears and sweat of our brave soldiers; at no cost to them. They waged it precisely as outlined in Naomi Klien's seminal book "The Shock Doctrine", through fear mongering, propaganda and with the abject complicity of a dim-witted/uncouth/frightfully ignorant POTUS at that time.
They borrowed money like drunken soldiers from the Chinese by selling our future on the back of hyper-inflated properties - the very properties on which the bankers and the money-changers kept making repeated low-doc or NINJA loans with impunity and turned these loans into CDOs/CDSs/SIV and other three-letter apocryphal and worthless investments The B@ll-less Congress kept rubber-stamping the war supplemental requests and adding the tab on our future. Here we are; broke and up Sh/it creek without a peddle!
As someone who didn't fear the truth once said " ... America's chickens have come home to roost"
About Housing Crisis
Read the Article at HuffingtonPost