This is something I just read, it's a little wordy yet I thought you might find it interesting; these two sentences stood out in the text
."....The real estate market is collapsing. California Gov. Arnold Schwarzenegger announced on Friday that he will declare a "fiscal emergency" in January and ask for more power to deal with the $14 billion budget shortfall from the meltdown in subprime lending....""..."Not major"?
3.5 million potential foreclosures, 11-month inventory backlog, plummeting home prices, an entire industry in terminal distress..."Entire story linked below
The coming collapse of the modern banking system <---------click on the link and read the whole story...................
