As stated here before on this forum ms fraud and the related sub-prime crises has caused economic damage to the greater global economic system and foreign investments.
England has now nationalized Northern Rock it collapsed do to exposure to U.S. sub-prime lending. Our government has an obligation to do something about ms fraud and lending fraud before it boils over into economic sanctions against the U.S. or worse. I have said before it's a security issue for at several reasons because coountreies such as China prop up our Bank of England based paper money system and have the ability to collapse our economy and demand they get their way in military and trade agreements. Our property values mortgages in particular provide backing for foreign investments and looting the country hurts foreign investments in the U.S. perhaps provoking retaliatory action, conversely foreign interests can easily tank our economy and throw it into a recession or full blown depression and then buy up U.S. property and financial interests even political influence for cheap.
The general public thinks of terrorism, war, and threats in terms of military action but our founding fathers warned us greatly we were far more vulnerable to takeover and threats though the monetary system and taxation. The founding fathers warning came long before effective mass media, computers and hard drive money where whole countries can be destroyed though changes in trading and monetary policy and implemented electronically and can take place within hours.
Bread, butter, jobs, property, housing, industry are vital interests that must be protected. The government has allowed the lenders to steal our homes and loot the economy and it is having global effects. Our lending fraud has caused economic damage and panic in England. The keystone of liberty and freedom is protection of the common mans property without that we have nothing.