Thank heavens: We are now protected from the banks…

tr ch Treasury Secretary Jacob J Lew asserted last month (December 2013) that the Obama administration’s vast overhaul of the financial system is close to accomplishing its goal of shielding society from the dangers posed by giant banks and making sure they won’t again bring on economic collapse.  See this link for more:

http://dealbook.nytimes.com/2013/12/05/treasury-chief-to-declare-big-gains-in-financial-reform

Here is what the publisher used to promote the story of Secret Life of Real Estate and Banking, Phil’s history lesson about the US 18-year real estate cycle, still available from Amazon and now in its third printing…

http://www.amazon.com/Secret-Life-Real-Estate-Banking/dp/0856832634

“...the author uses the American experience over the last 200 years as a case study to reveal the existence of a regular property cycle.  He illustrates how each phase of the cycle repeats, with ‘nobody seeing it coming’, the only variation being the new ways bankers find to avoid the regulations put in place after each collapse to ensure ‘it will never happen again’...”