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A Disappointing Year With Obama

Afghanistan's Sham Army

Kucinich: Why I Voted No

Digital Dumping and the Global 'E-Cycling' Scam

The Man Who Put the Rainbow in 'The Wizard of Oz'

The Man Who Put the Rainbow in ‘The Wizard of Oz’
By Amy Goodman

A Disappointing Year With Obama
By William Pfaff

Digital Dumping and the Global ‘E-Cycling’ Scam
By Gbemisola Olujobi

When a Time Bomb Is Ticking
By Eugene Robinson

And on the Eighth Day, God Created Aliens

Bill Clinton Urges Senate Dems to Support Health Care Reform

Victims and Survivors Honored at Fort Hood Memorial Service

North and South Korean Navy Boats Clash at Sea

On Reflection, Pigs Are Smart

Obama, Netanyahu Meet in Private

‘Sesame Street’ Turns 40

‘Daily Show’: The Men Who Stare at Votes

Lieberman Jumps to Conclusions About Fort Hood Shooting

Goldman Sachs Becomes ‘SNL’ Punchline

Emma Thompson, Petition Tourist?

Marion Barry Does Reality TV

Steve Fraser on the Crisis of Capitalism
By Steve Fraser

Ni Hao, Mickey Mouse: Disney Goes to Shanghai

Financial Meltdown 101

A Dig compiled by the editors of Truthdig

Vetting Sarah Palin

A Dig compiled by the editors of Truthdig

Reborn: Journals and Notebooks, 1947-1963

By Susan Sontag
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Posted on Aug 6, 2008

By Mike Luckovich

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TAGS: crisis housing luckovich mortgage

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By Montgomery C. Burns, August 8, 2008 at 9:19 am #
(Unregistered commenter)

Hippy Pam, while I agree with you on the part of the mortgage companies providing easy credit to lure home buyers, it’s not that they held a gun to people’s heads and forced them to buy.

Many people have been swept up in the “reno craze”, TV shows that promoted the spending of tens of thousands of dollars on renovating homes. With access to easy credit, people bought homes they really could not afford and then did renovations they could not afford.

Caveat emptor.

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By hippy pam, August 6, 2008 at 9:12 am #

All Those Mortgage Companies That Floated “low interest-we can get a home for you NOW-no matter WHO you are or HOW MUCH MONEY you have or WHERE it will come from”-as well as the JOB SITUATION and the JOBLESS SITUATION-as well as FUNDING “BULLSH*T’s” bullshit-as well as RISING PRICES for NECESSITIES-as well as NO HEALTH CARE[along with a hospital/doctor situation that is criminal]-WHAT DID WE EXPECT TO HAPPEN???WE DID NOT PUT A STOP TO THESE PRACTICES BEFORE THEY GOT ROLLING…We just drove our SUVs-Bought our Waverunners-Gave our kids a day at the SPA-while THOSE WE VOTED IN TO POWER-LOOTED THE TREASURY…try these people in court for their crimes!!!!

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