A short essay on the financial crisis courtesy of ... The Money Party!

[DaLittle Kitty]

Now, they've done it. These folks are completely out of control and their greed has now turned on them.
A short essay on the financial crisis courtesy of ... The Money Party. Michael Collins

Link: http://www.scoop.co.nz/stories/HL0802/S00005.htm

M. Collins: The Money Party (4)
Money Party to Citizens: Drop Dead!

Tens of millions are just a lost job away from homelessness.
Mission accomplished for The Money Party. (Nathan Rein CC

"The FBI is investigating every level of the conspiracy that it
believes perpetuated the housing boom…" TimesOnline Jan. 31, 2007

Michael Collins
"Scoop" Independent News
Washington, DC

Now they've done it. The Money Party road show just hit a speed bump at 90 mph and that speed bump was us. There are no more "booms" to hype. No more schemes to hook investors into the stock market. The high tech boom is dead and biotech turned into road kill thanks to a president who talks to God and believes that evolution is just "a theory."

All they had left was the housing bubble. Ram home prices up by flooding the market with buyers. Get them in that home anyway you can. The finance guys will figure it out. We saw "interest only" mortgages to sell people more home than they could afford. And the highly "recommended" adjustable rate mortgages that mature in record time plus other schemes were there to qualify those who should have bought less for more than they'd ever hoped.

More... Link: http://www.scoop.co.nz/stories/HL0802/S00005.htm

Link: http://www.scoop.co.nz/stories/HL0802/S00005.htm

[Mnemosyne]

1. Discussion started here by author, our own autorank :) :

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2800197

KnR!

:hi: