with the large (and growing) stockpile of houses and the even larger stockpile of cash the govt has given the banks sadly i see this whole vicious cycle starting again
My point EXACTLY.
With so little attention being given to the TRUTH about how this crisis came about in the first place...we are certain to be repeating it. Even as we speak, I’ll bet mortgages will continue to be given to INELIGIBLE poor (Section 8s) and ‘minorities’ (illegal aliens)in order prevent, they will say, further foreclosures. The bailout ‘fix’ is only going to postpone the inevitable.