cheaprealty net

Interesting video. The point made is new to me - namely that fraud among builders financed a reckless over-expansion of the housing supply, that responsibility for current US real estate problems rests more with big time fraudsters borrowing millions than with individuals chasing the american dream via no doc loans, or banks lending money to individuals based on lax lending standards.   Not sure I agree, but it's another way of looking at the US subprime mess, and another explanation for why the economic edifice built on runaway real estate deals collapsed.