The Next Giant Fraud …
July 3, 2009
Once and a while I mention things that fall outside the realms of web design and web programming; I only do so when I feel it is something important to point out.
The Giant Housing Scam
This time around, it is the giant fraud put forth by the US financial players … this whole housing bubble was a giant ponzi scheme and a new giant ponzi scheme is being engineered now. Check out this Rolling Stone article – it sums up what happened and what is gearing up to happen over the next several years.
Though Americans are going to get hosed the most (as they are now) the rest of the world will feel the pain of the scam as well .. as we are all now.