Looking over big media news webpages, I have to wonder how many people are really aware of the giant mountain of hell that's bearing down on us. There are stories about foreclosures, sure. And the business press is aware of the absolute chaos that the financial markets have descended into. But the regular news pages don't seem to be doing a good job of informing non-investment bankers about the stakes in all of this.
I don't think it would be a stretch to assume that most people can't translate "overvalued assets held by investment banks" into plain English. You know, something like: "our economy is being propped up by imaginary money."
This isn't just about houses.
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