Consumer confidence still skulking at record lows...jobless rate still 9%, wages falling, inflation ticking up, and the debt over $15 trillion. No 'recovery' ever occurred..
The EU is breaking up, once the full Euro collapse takes place, the US will sink to even lower levels of piddling collapse - voters made a mistake electing Democrats into super-majority power, will they correct it?
Nearly 7 million homes have been lost to foreclosures in the past five years, which means owner-occupied homes are degrading into tenant-occupied. The Fannie Subprime Housing Bubble and Crash has destroyed home-ownership and the economy.
Barney Frank and Chris Dodd, along with the Clinton Administration, and the earlier Carter CRA enabled, and protected the full meltdown in housing. Review US Housing Bubble/Crash, and Subprime Mortgage Crises.
Related:
Home Ownership Rate Drops To 1998 Level
Barney Frank Pontificates, Pugnates, and Prattles in Playboy
Bankrupt Fannie & Freddie Executive Pay Boondoggle
Home Prices Heading For Triple-Dip By Mid 2012
Foreclosures Jump 7% In September
Home Prices Sink, Home Ownership Heads To New Lows 11-29-11
