FOR SALE: 'The American dream' [Fault Lines © AlJazeera]
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Foreclosure Crisis in America a Wall St Engineered Collapse
Who is to blame for this crisis? Many people have said that the banks are to blame for fraudulently processing financial documents. the US Federal Reserve is to blame for this "Wall Street engineered collapse" because it injected too much liquidity into the market.
America's housing bubble burst nearly six years ago, but the worst may be yet to come. The recession is clearly not over , Americans continue to lose their homes and foreclosures continue to rise, meanwhile, banks are making record profits through the foreclosure market and families are being forced to start over. welcome to the American nightmare... We all know that our own media has failed to see the bigger picture: this was not a collapse. it was a planned demolition! they're all a bunch of no good greedy thieving bastards. I say clear the slate & start over with some people who won't be corrupted!! It's turned into a big feeding frenzy. I think over the past few years, They've been testing the tolerance of the people. 911, bank bail out, BP, Iraq/Afghanistan war etc. It's all a game to these elites. At the peoples expense. those who are in control of the housing market control this and knew it would come down to this...THOSE BANKERS
The US' housing bubble burst nearly six years ago, but the worst may be yet to come. After a landmark settlement, the major banks have lifted a freeze on foreclosures and government relief has been too small to make a difference.