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Politics : The Obama - Clinton Disaster
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To: SGJ who wrote (17508)8/18/2009 7:49:55 PM
From: Broken_Clock  Read Replies (1) of 103300
 
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
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You don't think Bush, Obama, Congress and the Fed have socialized the losses while leaving the profits in private hands?

The estimates are generally based on loans that need to reset ...yet the collapse in prices finds CRE in the same boat as Res...not enough equity to refi.
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