What the PPIP program is all about…

For a refresher on what the PPIP is, read this.

Below, is Dr Housing Bubble’s dispassionate assessment by the numbers of what is coming down the pike… and what is very likely to be stuffed into the PPIP to make this a memorable rape fest; so memorable in fact, that generations will talk about it for centuries to come.

By now I am at a total loss as to why people in Spain, Ireland, Germany, France, England or the USA should not already be up in arms. We are being set up for economic and social failure of biblical proportions and it is being perpetrated in broad daylight… and through it all, the outcome of the latest American Idol competition is still top most of people’s worries…

Got bullion?

http://www.zerohedge.com/article/alternative-paper-mortgages-next-trillion-dollar-housing-problem

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