Mortgaging the future

Discussion in 'Economics' started by TOM134, Oct 15, 2007.

  1. TOM134


  2. gnome


    Blame lies with the Gummint. They've been selling us down the river for decades.

    (No surprise, really.... it's the same old "government at the expense of the people" schtick.)
  3. TOM134



    And now again they blame the poor economy on the poor people.

    It's the typical slight of hand trick: "look here". And while we look at where they pointed to, they are off doing something else behind our backs.

    They are the masters of distraction.

    In reality the most significant current risk to our economy is the incompetence of the current crowd in office.


    "Paulson Says Housing Is Likely
    To Adversely Affect Economy
    Treasury Secretary Endorses
    Standards for Mortgage Brokers,
    Expects More Declines in Housing Starts

    October 16, 2007 11:44 a.m.

    WASHINGTON -- U.S. Treasury Secretary Henry Paulson offered a sobering view Tuesday of the pressure the housing market was having across the country, saying the decline stood "as the most significant current risk to our economy...."

  4. gnome


    Just like when Greenscam was "tightening"... raising rates from 1%, while ramping-up the inflationary money-pump at the same time.

    It's not just the liars and thieves in office currently... they are only the latest.