The Road to Surfdom

Filed in National by on November 9, 2008

If you are looking for something to read this morning, try this:

The New Road To Surfdom
An Illustrated Guide to the Coming Real Estate Collapse.
Harpers

The new road to serfdom begins with a
loan. Since 2003, mortgages have made
up more than half of the total bank loans in
America—more than $300 billion in 2005
alone. Without that growing demand, banks
would have seen almost no net loan growth in
recent years.

Magazine 2006.

Sure it is 2 years old, but who’d of thunk it. People saw this coming 2 years ago….

About the Author ()

hiding in the open

Comments (3)

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  1. Dana says:

    Surfdom? What’s that, being enslaved by a surfboard? đŸ™‚

  2. liberalgeek says:

    yeah, I think it’s serfdom, but don’t tell him. He has a fragile ego.

  3. Joe M says:

    Wait, I thought surfdom was gnarley!