“Home ownership,and the vast consumption of materials and energy it requires, forces some pretty exploitative foreign policy manoeuvres. This makes people in those resource-rich places as mad as natives were at the practices of the colonial empires exploiting them two hundred years ago.”

“Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.”

“Wal-Mart’s relationship to place has become so abstracted that the company views even its own stores through the conquistador’s eyeglass. Like temporary forts built solely for purposes of territorial conquest, any one of them can be abandoned at any time.”

“We were taking out mortgages we couldn’t afford because they were camouflaged to look as if we had a reasonable chance of paying them back. Banks then changed the bankruptcy laws so that we could not get out of our obligations once the rates changed. Lastly, they sold us back our own mortgages, shifting back to us any of the risk through our money-market accounts and pension funds.”

“Step by step, place became property, property became a mortgage, andmortgages became derivative investments.”

“Computers don't kill books; people do.”

“And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market accounts were made up largely of these “mortgage-backed securities.”