Apr 11, 2012

Quote for the day

"I'm not sure how anyone expects 'the housing market' to 'recover' when buying a house now involves handing a bunch of money over to a bank which will then proceed to steal your house from you." --Atrios.

I think this might be slightly too cynical, in that banks for the most part only steal houses that have distressed mortgages and so forth, but only just. This country is developing a galloping case of the extractive institutions.

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