More Housing Pain

Houses are the middle class’ most significant store of wealth. This is also more deterioration in bank balance sheets, just as the financial system is going to be stressed by the Euro’s trouble. This multi-year debt crisis won’t go away, and the solution is not more of the same, and yet we are lending to Europe through the IMF, we who have no equity ourselves.
New Foreclosure Wave is Coming – US Business News – CNBC::

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