The U.S. housing bubble finally burst - not with a whimper, but a bang.
Some thought it would never happen, others couldn’t believe it took so long, few foresaw that its “pop” would engulf the world. Ridiculous mortgages were sliced-and-diced into a weapon-grade virus that have poisoned the global economy, and something must be done to stem the infectious spread - but not at any cost, not with an eye towards saving everyone.
