Monday, October 11, 2010

ForclosureGate and Real Estate Armageddon

by Michael Collins from The Economic Populist

In this excellent piece the author discloses how the bank/financial elites recently used Congress in a desperate attempt to work their way out of the mortgage/foreclosure mess they created. He also looks at the possibility that the crisis could result in a further melt-down of the economy. 
While my story focused on the process and contempt shown to citizens by Congress in that process, I became aware of a much broader issue.