Click here to access article by Laura Gottesdiener from TomDispatch. (Note: if you wish to skip Engelhardt's introduction, you will need to scroll down to the article.)
For the past few years I expected that this was happening, and looked in vain to find much media coverage. It has apparently been a well kept secret hidden mostly from the public because it is far too embarrassing for the One Percent ruling class to reveal.
This class loves their economic busts because they provide splendid opportunities to buy up assets on the cheap. The 2007/2008 featured most
prominently a collapse in the housing market set up by the ruling class who induced so many of the 99 Percent to take out easy mortgages.
Remember the "ownership society" theme promoted by George Bush back in 2004? Now they are cashing in on this great profit opportunity by buying housing on the cheap and renting them
back at high rates to people who have been thrown out of their homes by
banks.