proseadvocate

Housing Market Tracker - Small Homebuilders Whipsawed by Credit Crunch

I don't consider it an article but more of a digest of newsblurbs which is fine as they appear to relate to the title which is deceptive since, it buys into the corporate apologists who suggest that nobody saw it coming and that it is because of a "credit crunch" or "liquidity" crisis. It's predicated on a pretext that 40-1 leverage is acceptable and lending to folks who could never pay the loan is not predatory loan sharking. I hope every bank that did it goes down suing the bosses who caused it. Then we'd have a really free market economy. It won't happen as long as the billionaires at the top own the Republican's that incouraged the pillage.