Prime Suspect -- Mother Jones on the real estate bubble. Well

[lectrobyte]

worth a read if you have some time.

http://www.motherjones.com/news/feature/2006/09/prime_suspect.html

[OrangeCountyDemocrat]

1. Wow! Long Article. Thanks!

Looks like good stuff. I'll look at it a little later.

[pat_k]

2. Of course, for those at the tippy top, things are ticking along just fine.

. . .See the Harvard Joint Center for Housing Studies http://www.jchs.harvard.edu/publications/markets/son2006/son2006_bw.pdf">report. Seach for the word "luxury."

[Blackhatjack]

3. This is what deregulation and 2 more yrs of Repub corrupt look like

...when the goal of government is to ensure that corporate businesses profit, rather than provide minimum standards of regulation to protect its citizens, this is exactly what you get.

The foreclosure tsunami is already spreading across our country, but so far the Bush Adminstration, their corporate campaign supporters, and the MSM are "keeping a lid on it" by focusing attention on "the war on terror."

Well folks, there is no hiding the number of properties going through foreclosure, and the secret is barely hidden. Repubs are hoping to make it through the midterm elections before the majority of people wakeup and realize what is happening.

It is going to be a rough ride for everyone who is not at the top of the wealth pyramid.