Fact of the Day: Housing Bubble

In 1989, only 1 in 230 homebuyers bought a house with a down payment of 3% or less. In 2003, the ratio was 1 in 7. By 2007, it was 1 in 3.

Anyone think there might be a correlation between these stats and the current real estate crisis?

The US Government's Role in Building and Bursting the Housing Bubble

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Fact of the Day: The Largest Holder of US Government Debt is Not the Chinese

Of the $14T in US Government debt, $4.6T of it is held by..... surprise...... the US Government itself through "borrowing" from the Social Security "Trust Fund." That's right, your Social Security retirement fund is being confiscated to pay for the day to day operations of the government in exchange for a bunch of promissory notes stored in a filing cabinet in Parkersburg, WV. Does that scare you? It probably should.

Fact of the Day: Medicare

Medicare loses seven times as much money in fraud every year than the combined profits of the 14 health insurance companies on the Fortune 500.