Jane

Oil: If It Looks Like a Bubble...

The real estate bubble was due in large part to mortgage fraud as well as this country's repeated insane belief that the govt and big business will not steer consumers wrong. The FBI had reported by at least 2006 that almost all the mortgage fraud was being done BY the industry, too. And yet, despite some token investigations and arrests, and some fines, we'll do it all over again in a few years. Well most of us will. There are still people who know BS when they see it.