The Fed’s role in the Housing Crash of ‘07
By Mike Whitney
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.
http://tinyurl.com/y8lso2
http://freepage.twoday.net/search?q=housing+crash
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=Mike+Whitney
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.
http://tinyurl.com/y8lso2
http://freepage.twoday.net/search?q=housing+crash
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=Mike+Whitney
rudkla - 9. Jan, 14:24
