What lies ahead is a mixture of fiscal transfers from the creditworthy with austerity among the uncreditworthy.
FORBES: Kicking The Can Down The Road
2.
Fannie Mae and Freddie Mac, two government-backed mortgage firms, have squandered a fortune promoting home-ownership among the uncreditworthy.
ECONOMIST: Labour mobility
3.
Gulf petrodollars have been recycled not to improvident governments in Latin America but instead to improvident homebuyers in the uncreditworthy fringes of America.