Amotz Asa-El’s View from Jerusalem: Lost Protestant ethic found in Jewish state

0 Comments Published September 2nd, 2009 in News.

The U.S. recession, already its longest since the Depression, has yet to die, but Israel’s is already being eulogized, as the Jewish state unwittingly supplies America with sobering food for economic thought.

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This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter

Amotz Asa-El’s View from Jerusalem: Lost Protestant ethic found in Jewish state

0 Responses to “Amotz Asa-El’s View from Jerusalem: Lost Protestant ethic found in Jewish state”

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