The banks are at it again!

Wall Street is apparently buying hundreds of thousands of foreclosed single-family homes, renting them out after making minimal repairs, and packaging the rents into the same kind of bonds that helped cause the housing collapse in the first place. And the rating agencies are again calling the new bonds triple A.

http://www.salon.com/2013/11/06/wall...economy_again/

http://www.huffingtonpost.com/2013/1...n_4151345.html

via JREF Forum http://forums.randi.org/showthread.php?t=268217&goto=newpost