Tuesday, April 22, 2008

Just Burn It Down, Baby!

Tanta over at Calculated Risk writes about an IMPORTANT DEVELOPMENT in the unfolding housing and credit market crisis:
I have no evidence that lenders are out torching homes instead of foreclosing on them, but then again I bet I could get an unnamed source to opine that it's possibly a dangerous trend...
I can arrange that.

Hell, I'll go farther, and assert categorically, without a shred of evidence, and pseudonymously to boot, that it's happening now, it's a huge problem, and it's only going to get a lot worse before it gets better.

It doesn't have to be true. That's the beauty of it. It's truthy in a good way. Spread the word.

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