Bubble Economics, Real Estate Hysteria, and the Foreclosure Crisis
June 10th, 2004
By Nick Adama
The real estate sector of the economy has experienced a serious collapse, the stock market has disappeared trillions of dollars of wealth, and the economy has entered into the worst depression since the Great Depression. As a result, many Americans have lost trust in the companies and professionals they were supposed to be able to trust.
A number of mortgage and financial experts played a role in the inflated bubble sch….
