If it sounds too good to be true, ...
You did not read the article carefully now did you?
If you did you would of taken care note this down.
Wall street made an assumption concerning price.
In the past housing prices always rose so they could not lose.
The bubble burst when wall street stopped buying and not before.
Why they failed is because really the money was not there.
The money doubled in a short period of time where is it?
It was never there and to this day the money is an illusion.
Money flood into the system from 2003 to 2006 evaporated.
The US system proved that "GREED IS GOOD" is not failsafe.
In fact the PROOF is in the search for "PEACE AND SECURITY"
That elusive objective that is always just out of our grasp.
WHY because we are all the dependent of every other.
Or do you think for an instant that nobody built your house.
As Bob Dylan rightly put it " Your house is not my house."
The wealth in the system is dependent upon consumption by it's members.
No consumption means no spender/buyer which means no economic system.
Note please the previous sentence states an absolutely absurd condition.
One that inverts the condition presented in the sentence previous to that.
That shows you the mode of behavior that is my personal way to think.
The understanding/comprehension of why systems fail is of great value.
To just brush it under the carpet with "If it sounds to good to be true..."
Is not good since the fact is the buyer/seller are robbing both you and I.
And everyone who is living within the boundaries of that systemic doubt.
Energy was used by every single member of that system to form wealth.
Why would YOU want to see that energy/work/effort go down the drain?
YOU MUST BE MAD! YOU ARE ONE CUSTOMER and YOU ARE THE PAYER!
VALUE then what determines a VALUE PLEASE IF YOU KNOW PLEASE TELL ME?
Of VALUE IS the measure by which our creator measures every single MAN.
Art Reform Tourist
This American Life = Global Pool of Money got to HUNGRY