America Was Conned, Who Will Pay?
By Larry Elliott, economics editor
The crisis will only end when house prices stop falling and banks stop racking up huge losses on their loans. Doing that, however, will require the US government to intervene directly in the real estate market to end the wave of foreclosures. Ideologically, it is ill-equipped to take that step and, as a result, property prices will fall and the financial meltdown will go on and on.
http://www.informationclearinghouse.info/article19562.htm
http://freepage.twoday.net/search?q=real+estate
http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=meltdown
http://freepage.twoday.net/search?q=Larry+Elliott
The crisis will only end when house prices stop falling and banks stop racking up huge losses on their loans. Doing that, however, will require the US government to intervene directly in the real estate market to end the wave of foreclosures. Ideologically, it is ill-equipped to take that step and, as a result, property prices will fall and the financial meltdown will go on and on.
http://www.informationclearinghouse.info/article19562.htm
http://freepage.twoday.net/search?q=real+estate
http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=meltdown
http://freepage.twoday.net/search?q=Larry+Elliott
rudkla - 19. Mär, 00:01
