*This post original appeared on our buisness Facebook page on October 8, 2018.*

With the housing market cooling in major cities, with former fed chairs predicting major corrections, mortgage fraud risk rising, no document loans increasing, its important to remember that the safe guards put in place after 2008 have been slowly dismantled.

"Those who cannot remember the past are condemned to repeat it." ~George Santayana

The stock market and jobless rates looked amazing until 1 month before the collapse... but the underlying factors had been predicting a collapse for 1.5 years.

What went so horribly wrong? https://www.thisamericanlife.org/…/another-frightening-show…

The life cycle of a toxic asset: https://www.npr.org/se…/124587240/planet-money-s-toxic-asset
https://www.thisamericanlife.org/418/toxie