Tue, 4 September 2012
Jason Hartman talks with one of his Investment Counselors, Steve, about a Naked Capitalism blog post on the new real estate train wreck in securitized rentals. Wall Street's newest "innovation" based on rental income. Will this be another Wall Street scam like the pools of subprime mortgages, auction rate securities, derivatives or numerous other products that were misrepresented to investors.
Next up, a discussion of the 'lost decade' for the American middle class based on a Newser article and some talk about the investor-driven recovery in real estate.