1825 K Street, NW, Suite 400, Washington, DC 20006
202-955-5665 (tel) | 202-955-5606 (fax) | www.ourfuture.org
This collapse was entirely predictably, and those who were concerned about the country's long-term financial situation should have been out in the forefront warning of the dangers posed by an $8 trillion housing bubble. Unfortunately, these folks were too busy trying to cut benefits for the elderly to pay attention to such trivial developments.
Links:
[1] http://tpmcafe.talkingpointsmemo.com/2008/06/24/the_housing_crash_and_the_end/