Just Like the US Housing Market

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“Britain’s housing market is a “house of cards” that is set to implode after years of reckless mortgage lending, chronic oversupply of new flats and widespread fraud, a leading analyst said yesterday.” Read the rest.

And thanks to the central bankers, and all the politicians, commercial bankers, and intellectuals who are accessories before, during, and after the fact.

4:00 pm on February 21, 2008