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nothing learned

Looking south from Top of the Rock, New York City

Image via Wikipedia

I moved to America in the late 1970s. The population was around 225 million people. The economy was recovering from another economic shock, the nation was enduring a deep recession which continued  through 1982. Business bankruptcies rose 50 percent over the previous year. personal  bankruptcies we at all time high.   Farmers were especially hard hit, as agricultural exports declined, crop prices fell, and interest rates started to rise. It got so bad that mortgagees were transferring hands like business cards. Give your name and assume payments, almost any one with a job could own a home. with no end in sight to this current mess could this lending  process  happen again ?

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  1. August 14, 2011 at 11:00 pm

    Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.

    • Kyle
      August 20, 2011 at 7:49 am

      Please do Rex

  2. August 24, 2011 at 11:08 pm

    I really liked the article, and the very cool blog

  3. Kyle
    August 25, 2011 at 3:35 am

    Thanks

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