House of Cards You thought the housing crisis was bad? You ain’t seen nothing yet. By Danny Schechter The Mess 28/06/08 "LA CityBeat " — – Nationwide, two million homes sit vacant. Home sales are at a nine-year low. Former Treasury Secretary Larry Summers says that housing finance has not […]

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https://2cents.dailyreckoning.com/ I had a very interesting conversation today with a friend who used to be a mortgage broker (until the company he started imploded) and now works at a bank selling REO property. Now, this is a guy who made millions flipping, and when I told him two years ago […]

The Financial Tsunami: The Next Big Wave is Breaking Fannie Mae, Freddie Mac and US Mortgage Debt https://www.globalresearch.ca/index.php?context=va&aid=9588 By F. William Engdah The announcement by US Treasury Secretary Henry Paulson together with Federal Reserve chief Bernanke, that the US Government will bailout the two largest guarantors of housing mortgage debt—the […]