dreamer

The Secret Villain Behind Our Economic Collapse

Very good article.
You know less than one third of iceberg remains above water. current problem is like that.
Every one is talking about the problem above the surface. I think very have addressed the root of the problem. What is the epic center of this financial earthquake?
Grreedy financial people tried to squeeze the people who were already squeezed in to low income group, without even thinking what will happen if more than a few fails to pay their installment. More than a few failed and other who are not deserved joined them downhill game.

Basic problem is going to get worst. There will be to classes, rich and poor. Income per capita will go down and lots of people will not be able to afford the sweet home for the current price. Even the funds and investors will be reduced and more gamblers will be out.
Our economy is based on medium and low income people and the fate of the economy will be the fate of this people.