Prime Loan Collapse

25 May 2009

View this link:

http://www.nytimes.com/2009/05/25/business/economy/25foreclose.html

Soon not just the poor, but everyone will be without a home and without a job. The financial crisis will finally allow us to complete the cycle already set into motion by the same dynamics that brought on de-industrialization: the erosion of so-called “industry” in the mechanical, Fordist sense; the boom and bust of the mortgage-loan/MERS system (serfdom/feudalism); and, finally, the beginning/ending/telos: pre-agrarian nomadic society.