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Loan Modification

: Mortgage Lender Implode-o-Meter

The Infinite Elasticity of Credit, Part I

By Implode-Explode Heavy Industries

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"I wanted to put our current predicament into historical context, and to demonstrate that the situation we find ourselves in is not novel. It differs quantitatively, but not qualitatively, from what has gone before - many times before in fact. Great cycles of expansion and contraction are part of the human condition, and there are patterns of boom and bust that continually repeat themselves, as they are throroughly grounded in human nature."

Full post as published by Mortgage Lender Implode-o-Meter on September 07, 2010 (boomark / email).

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