May
16
Keeping abreast of the mortage crisis here is the US ~see details below~?
Filed Under Current Events | 5 Comments
latj asked:
I saw on CNN today where many cities are actually experiencing 1 in 200 homes that are being foreclosed daily. Last month in Chicago 250,000 homes were foreclosed on. A lot of people aren’t aware that people from all walks of life are going from foreclosure of their home straight to homeless shelters. This is definately going to affect the economy in all aspects. Should the goverment intervene in some type of bailout before the entire economy takes a hit or should the mortage lenders who caused this problem pay for it?
Clarence
I saw on CNN today where many cities are actually experiencing 1 in 200 homes that are being foreclosed daily. Last month in Chicago 250,000 homes were foreclosed on. A lot of people aren’t aware that people from all walks of life are going from foreclosure of their home straight to homeless shelters. This is definately going to affect the economy in all aspects. Should the goverment intervene in some type of bailout before the entire economy takes a hit or should the mortage lenders who caused this problem pay for it?
Clarence