This is painful to watch!
'Foreclosure Alley'
Some might argue that this is more or less a self-inflicted catastrophe, suggesting, rightly so that the cause is a result of the recklessness of lending banks and that of borrowers. I grudgingly agree, but nevertheless, the effects are more personal and far-reaching!
I am trying to imagine the implications to the affected families. Stuff such as homelessness, separation, marriage breakdown, and suicides spring to my mind!
We have not seen a lot of this in the UK so far, but trust me you, the credit crunch is yet to bite!
The worst is yet to come.
Donna Summer’s Three-Decade Chart Reign
5 hours ago
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