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.

www.liveleak.com/view?i=98f_1231196299

Added:

By: Hypnojive (1186.16)

Tags: peter schiff,fannie mae/freddie mac,housing bubble,chris dodd,barney frank,recession,world recession,subprime , Franklin Raines, Jamie Gorelick,jim johnson

Location: Stafford, United Kingdom (UK/GB)

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