susiemadrak.com - 12/17/2008
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I can’t even keep track of how many people I know have been laid off in the last month, and a few of them are already having trouble paying the mortgage :
Unemployment is now the cause of almost half of all foreclosures on conventional mortgages, raising concerns that mounting ...
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Wheeee! Free Money!
Crooks and Liars —
... two-thirds of U.S. economic activity.
In a statement, the rate-setting Federal Open Market Committee said that "The outlook for economic activity has weakened further . . . the Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability."
Credit card companies, of course, will continue to charge as much as they're legally permitted, driving consumers into a ditch and accelerating mortgage foreclosures.
Isn't untrammeled capitalism fun? ...
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