Please help support WRH by visiting our advertisers!

THOUGHT FOR THE DAY!

" One in 10 chance perhaps, but save Chile! ... not concerned with risks involved ... $10,000,000 available, more if necessary ... make the economy scream."-- CIA Director Richard Helms, discussing plan to destabilize government of Chile under democractically-elected President Salvador Allende

 

The next wave of mortgage defaults

More borrowers with good credit are defaulting on their home loans, and that's going to make it even harder for the staggering housing market to recover.

Webmaster's Commentary: 

The government borrows a ton of money, sticks us with the payments via taxes, then debases the currency by having the Federal reserve print up more of it, then gives tax credits to corporations to make it easier for them to send high paying jobs to other countries.

Then they stand around scratching their heads and wondering why those "danged deadbeat" Americans can't pay their bills!

Comments