Archive for the ‘Foreclosure’ Category
Can’t pay or won’t pay?
America’s foreclosure plan
Feb 19th 2009 | WASHINGTON, DC
From Economist.com
(The original article is linked here.)
Barack Obama’s team wades into a debate over what is driving foreclosures
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NO PART of the financial crisis has received so much attention, with so little to show for it, as the tidal wave of home foreclosures sweeping over America. Government programmes have been ineffectual, and private efforts not much better. Now it is Barack Obama’s turn. On Wednesday February 18th he pledged $75 billion to reduce the mortgage payments of homeowners at risk of default. Read the rest of this entry »
