China's 64 million vacant properties

This is an amazing presentation of property over building That have been pointed out previously by Jim Chanos and Hugh Hendry.
Business Insider has links to further articles on this property bubble..

The real picture of housing "improvement"

from Tyler Durden and Blytic Data. 
On the mortgage delinquency at FNM

Liberal Media Censorship In Action

I was sent this message about video that was suppressed by threat of law suit by Time Warner at the behest of liberal media supporters of the Democrat party and supporters of the Obama campaign:

Object: The video clip that was not allowed in the USA - Pass this on to everyone.

This video shows that George Bush tried to warn Congress starting in 2001 that this economic crisis was coming, if something was not done. But congress refused to listen, along with Barney Frank. This video says it all.

The liberal AMERICAN media did not want this video on You Tube, so they had Time Warner threaten a law suit (proprietary rights) if it was not taken off.

This link is of the same video but is routed through Canada . Everyone in America needs to see this!

video

the video is linked through Canada because it has been blocked for the US by the very people should be the gaurdians of free speech.

My Suggestion For A Housing Stimulus Program

I have a suggestion for stimulus to housing. Utilize the existing Veteran's home loan program. Alter the terms of the program by providing extremely low rates to an otherwise unchanged program. This would have the advantage of using legislation that is already in place and of rewarding Veterans who have risked their lives and given time to serve the nation. These are people who deserve thanks and are not receiving undeserved welfare assistance.
The program would stimulate demand for housing helping reduce inventories, at the same time it shows the nation's support and gratitude to the men and women of the armed forces. A program like this should have strong support from both Republican and Democrats and offers the new Obama administration to demonstrate it is not anti- military personnel though it may be anti current military policy.