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Fannie Mae?s Latest Housing Survey Shows Many Have No Idea What?s Happening

By Implode-Explode Heavy Industries

`` I?ve always understood one thing about the crisis that I think many other observers have missed? as the pain increases, and as more and more people are directly affected by the foreclosure crisis? more will start to question what caused this terrible tragedy. And as that happens, as more and more people start to realize that it wasn?t the borrowers over-borrowing? it was the bankers over-borrowing that caused the collapse of our financial and credit markets and left our housing markets in a literal free fall.''

Full post as published by Mortgage Lender Implode-o-Meter on March 01, 2011 (boomark / email).