Tuesday, February 02, 2010 10:35:41 AM
http://www.zerohedge.com/article/next-leg-housing-crisis-five-simple-charts
This comment to the article seemed to sum things up:
"It was once proposed in the Roman Senate to have all slaves marked, to more easily distinguish them from Roman citizens... it seemed OK until someone realized it might not be such a good idea to let Roman slaves know just how many of them existed. Better not encourage revolts and riots...
The non-disclosure of the so-called Shadow Housing inventory is but one more piece of the Smoke and Mirrors show, to keep Americans from rioting in the streets.
Our governments and the Banksters have not accepted that continuing to rob our economic future by printing, borrowing, postponing, and outsourcing has burned out the engine of the economy.
This economy is jacked up on wooden blocks and our politicians are making the vrooom,vroooom, sounds, trying to pretend they have a real engine.
It is truly pathetic to watch this gong show."
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