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PEOPLE LAUGHED IN 2007 ...

at the idea that the HOUSING BUBBLE would burst and that we would have a recession.

Peter Schiff is almost laughed off the air when he predicts that the housing bubble will burst and banks will stop lending, pushing the US and World markets into a deep recession.

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Added: Jan-23-2009 
By: Hypnojive
In:
News
Tags: peter schiff, fannie mae/freddie mac, housing bubble, chris dodd, barney frank, recession, world recession, subprime, Franklin Raines, Jamie Gorelick, jim johnson
Marked as: featured
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