thelibertyadvisor.com/declare

Join-Us | Log-In

Media | Translate

Make a Comment • Email Link • Send Letter to Editor

IPFS News Link • Economy - Economics USA

A Potential Foreclosure Crisis Looms Over America with Ellen Brown

07-22-2014 • arclein

The mortgage debt overhang was the result of financial deregulation and securitization, which created a massive housing bubble. When it inevitably burst, housing prices plummeted, but mortgages did not. The resources of the once-great middle class were then diverted from spending on consumer goods to trying to stay afloat in this sea of debt. Without demand, stores closed their doors and workers got laid off, in a vicious downward spiral. The glut of underwater mortgages needs to be written down to match underlying assets, not

PurePatriot

FreedomsPhoenix.com

The domain and name of this website are servicemarks of Ernest Hancock.
Website is Copyright © 2024 by Ernest Hancock. All rights reserved worldwide.
PO Box 1681, Sun City, AZ 85372 USA.

Stats by StatCounter