The truth behind Encouraging home ownership

Here is a link I got today through Yves Smith at nakedcapitalism.com. Feds rethink policies that encourage home ownership - USATODAY.com. With the amount hubris exposed in recent months I doubt if home ownership was promoted for the sake of citizens.

Asset backed paper vs. Casino's deck of cards

A casino has as many decks of cards as it needs. The real world casino "the financial markets" do not have such access. They need each card to be backed by an "asset". Asset could be wide variety...