The Crash of 2006

Ignore all of the finger pointing on both sides of the aisle. It all comes down to one word: greed. Greed on the part of homeowners, home buyers, mortgage loan companies, banks, and investors - whose reckless abandon for MORE - more house, more profit, more NOW - drove the market into an unsupportable stratosphere. I know you are thinking "Crash of 2006? Isn't it 2007?" Well, actually, this all started in the Fall of 2006 when the real estate bubble burst. It has taken this long for it to work its havoc through the rest of the economy. And, it will continue for quite some time.

Click here for a good article explaining how we got here.