Monday, September 22, 2008
Is this the death of capitalism?
"...when it comes to paying for the global property bubble, it won't just be those who over-extended themselves to buy over-priced houses who suffer. And it won't just be the bankers who sold them the loans. It'll be you, me, and every other mug who ever paid a penny in taxes to governments who blatantly ramped the idea of property ownership as a right."