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Jobless Spike Compounds Foreclosure Crisis


Business  (tags: economy, business, unemployment, jobs, americans, foreclosures, government, usa, society, news, politics, labor, humans, consumers )

Cal
- 100 days ago - msnbc.msn.com
Economists estimate 1.8 million borrowers will lose their homes this year
Comments

Chaz Gaily Berlusconi (251)
Tuesday August 18, 2009, 8:01 am
I hope that this trend will come to an end.. it must be on eof the most heart breaking things to go through...
 

Bee Hive Lady (301)
Tuesday August 18, 2009, 1:27 pm
The greedy bankers started this crises and they are the only ones who will not suffer,
 

serge vrabec (253)
Tuesday August 18, 2009, 5:05 pm
It would be very wise for the banks to start cutting loose on the stimulus funds that were provided to help families remain housed, The people demand it. The consequences for inaction will be dire indeed for those banks who abuse the power given to them by the people in their time of need, WE ARE watching, intently. The people will not be so kind again, thanks for your consideration. The people are awaiting your decision, and are NOW empowered , please do not underestimate us AGAIN....:)

Thx Cal, nice articles lately dude!!
 

serge vrabec (253)
Tuesday August 18, 2009, 5:07 pm
NO one is asleep here, WE ARE informed and aware of OUR power.

It is a magical time indeed......
 

Mary Donnelly (9)
Wednesday August 19, 2009, 4:17 pm
Thanks Cal!

I suspect that such high unemployment figures will affect more than foreclosures because unemployed people have so much less money to spend than others. The more frightening figure is the number of underemployed people; witness local governments' closures to reduce their costs. This recession has some time to run; recovery from it will be uneven, and thus painful for many. We should not expect too much too soon.

Where are the people living who have had their homes foreclosed? There must be great strain on community benefit facilities, as well as on families and friends.
 
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