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In December of 2005, the housing boom that began a decade earlier continued its crazy uphill ride, seemingly oblivious to a variety of red flags appearing across the country. By October of 2007, that boom had revealed itself as one very big, very hurtful bubble, and home prices were sliding steeply downhill. Yet you wouldn’t know it by looking at the Dow Jones Industrial Average Index, as it obliviously surged past the 14000 mark for the first time in history.

Fast forward to today. The boom turned bubble is now a full-blown crisis, the Dow has plunged to 8000, businesses in every sector are crumbling, and the personal savings of so many individuals and families has been decimated.  Read more...