Sirened

It’s no secret that many Americans live beyond their means-with stuff needing to be bigger and better than neighbor Joe’s flashy new fangled gadgets. The combination of irresponsible lending and people dumbassary (with the government very much included) has helped to build a giant debt bubble over the United States.

First there were the sub prime mortgages and now all the talk is equity loans. In return for cold hard cash to spend on gambling, boozing and whoring in Vegas (among other things), many Americans gave up valuable equity on their homes.

The amount and cost? 1.1 Trillion and Americans owning less than 50% of their homes for the first time in history. Stay tuned to Sirened as in the coming weeks I will be giving valuable advice on how to get rid of that debt, keep your home, buy a new car, keep your wife and mistress and go rampaging through Vegas all at the same time! It will be like that crazy guy who gives away free money late at night.
Las Vegas photo from Wikimedia Commons

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