A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
Are our leaders in DC most concerned aboutA) Innocent people losing 'their' homesB) Their major donors (banks, investment houses and Fannie and Freddie) failing because the sheeple stopped paying
B.No provisions to save a person with 50% equity if job loss or illness threaten foreclosure.But 0% downpayment 2006 purchases the bank will lose money foreclosing on? Were far too compassionate to throw those people out of their homes.The initiative is with the banks to drop 15% and get the FHA to insure.
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