Thursday, July 3, 2008
Michigan's economic "Katrina"
Some of you may know someone or have first hand experience with foreclosures. This epidemic gives the appearance of a looming federal crime. More money was distributed after 9/11/2001 that the process went 'bonkers' and people found themselves upside down in the value of their property. So many innocent and hard working people had to suffer the indignity of loosing their home.
For some people the moratoriums are too little, too late. And letting people just fall down on their faces is just immoral.
Should banks and mortgage companies be bailed out or prosecuted to the full extent of the law?
let's talk about it..