[1]As second (and third, and fourth, and so on) liens come back, one more piece of the last credit bubble puzzle falls into place.
From today's WSJ [2]:
[3]
From 2005's WSJ [4]:
[5]
* * *
This time the outcome [will|will not] be different.
[6]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://online.wsj.com/article/SB10001424127887324637504578567383459564510.html
[3] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/07/WSJ%202013.jpg
[4] http://online.wsj.com/article/1,,SB112164567837987920,00.html
[5] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/07/WSJ%202005_1.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/07/Irony.jpg