Sep

26

Kim ZHistorically, how many nationwide-housing bubbles have burst, with consumer debt/savings this high, within an extensively global interconnected economy (and markets), five weeks from election, from a problem blamed on Wall Street greed but designed to increase minority home-ownership, while at war in the Middle East, where credit markets are seizing up and the government wants to purchase the bad debt? And what if the markets don't stabilize long-term once a bail-out is approved?


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