christopher heiser <christopher AT heiser DOT net>
Date Published: June 16th, 2005
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The American Dream

I have to be honest, I've been thinking about houses lately. This kind of article freaks me out. It reminds me of the pre-bust days of the dotcom era. What this article doesn't talk about is all the unsecured loans that have been rolled up and sold as securites by major lenders. There is an unbelievable amount of debt in America--a time bomb, potentially.

by Christopher Heiser on June 16 10:50
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