How often we were told that the Obama Administration plan to "keep people in their homes" was going to save the housing industry...

The pop media repeated it, parrotted it. Now, what we have said here is being revealed. The system cannot work. Propping house prices up through artificial government means won't make those homes any more valuable. The prices of the homes MUST DROP, and the only way to do that is to allow the foreclosure system to work. THEY MUST BE LIQUIDATED.

Check it out, cats!

http://abcnews.go.com/Business/wireStory?id=11206133

Be Seeing You!