Wednesday, April 3, 2013

More indications of national economic suicide in progress

The Fed is pushing sub-prime car loans.

No cash for a down-payment? Maybe the dealer will take an old shotgun.

Meanwhile, the Obama administration wants to open the mortgage spigots to more people who probably can't repay a house note.

Either the self-proclaimed enlightened political leaders learned nothing from the subprime mortgage debacle of just five to ten years ago. Or they've simply grown absolutely desperate for any excuse to pump more easy money into the economy to keep the false sense of recovery alive.

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