| The meltdown of the housing market has already led to record rates of foreclosures and multibillion-dollar write-downs at the country's leading financial institutions. But this is just the beginning. The current double-digit rate of house-price decline will destroy between $2 trillion and $4 trillion in additional housing wealth over the course of the year. In short, Bush will go out with a real bang. |
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At www.truthout.org
OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.