Homeowners are screwed again. Banksters are laying the groundwork for a second financial crisis. The Wall Street Journal is reporting that private investment firms are once again giving out subprime mortgages to interested homeowners who normally wouldn't qualify for a home loan. It was these exact subprime mortgages that inflated the housing bubble and crashed the economy 3 years ago.
But since Congress failed to pass meaningful Wall Street reform - and Republicans are defunding Wall Street watchdogs - the banksters are back to business as usual - turning the housing market back into a high-stakes casino to gamble with America's economic future.
-Thom
(Do you want the housing bubble reinflated? Tell us here.)
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