Re: http://amconmag.com/02_10_03/cover.html

Bob,

Quoting from that article:

"Government guarantees, global capital flows, and a consumption binge
add
up to a national mortgage crisis."

Yep!  (thanks for pointing this out)

Curtiss

"Mortgage the house, to pay for the house (and everything else)."
[CITS DEBT WATCH motto]

And, it is often for the noble cause of "providing
affordable housing !"  What a bind, and what a crime against society,
and the economy.
-- 


           W. Curtiss Priest, Director, CITS
        Research Affiliate, Culture & Media, MIT
      Center for Information, Technology & Society
         466 Pleasant St., Melrose, MA  02176
   781-662-4044  BMSLIB@MIT.EDU http://Cybertrails.org