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The Fed Bank, Congress and every lender in this country knew what was happening was going to end as a disaster. An "inflation" in the housing market was ignored; everyone said it was "the free-market" at work. Now we all must pay. There was the Savings and Loan runaway, Wall Street and the .com ballon, etc. After the housing ballon next will be the inflationary oil market, which could be the beginning of the end.
By ron
