The Foundation of the Housing Market has Begun to Collapse

agonist.org — There are two really devastating events, outside of another foolhardy war, that could push the U.S. economy into a depression. The first is a dramatic increase in defaults on consumer credit card, auto, and home equity loans from prime customers, and the second is a collapse of the government sponsored enterprises that support the housing market. Jul 11, 2008 View in Crawl 4