Why Foreclosures Rise Even as the Economy Expands

"Despite the recession ending in midsummer, was taken directly from the article - from the working folks in America I don't understand who thinks the recession ended midsummer, amid pay freezes, rising cost of everything and no end in site does not appear that the recession has ended.

Jane of MT 1:47PM January 28, 2010

Zeitgeist Addendum look it up, watch the documentary. Can't say that I am crazy about the last half - but boy did the first half open my eyes!! I was like many who thought that first you create “money” then “debt”….. wrong!!! The only way our monetary system works is by creating debt first. Debt creates a) wealth and control for the few b) compliance by the masses - I am not a fanatic - but please watch this documentary - it will make you think!

Randy of FL 8:27AM November 24, 2009

The swells on Wall St. are doing OK. They have an angle.

On a summer's day in the month of May,

A burly bum come ahikin'.

Down a shady lane through the sugar cane,

He was lookin' for his likin'.

As he rolled along he hummed a song

of the land of milk and honey,

Where a bum can stay for many a day,

And he won't need any money.

Oh, the buzzin' of the bees in the cigarette trees,

Near the sody water fountain,

And the lemonade springs where the bluebird sings,

In the Big Rock Candy Mountain.

And then on the run come a farmer's son

To the hayfield he was aboundin'.

Said the bum to the son, why don't you come

To the Big Rock Candy Mountain.

So the very next day, they hiked away

To the milestones they kept countin'.

But they never arrived at the lemonade side

on the Big Rock Candy Mountain.

There's a lake of gin we can all jump in,

And the handouts grow in bunches.

In the new-mown hay, we can sleep all day,

And the bars all have free lunches.

Where the Mailtrain stops and there ain't no cops,

And the folks are tenderhearted,

Where you never change your socks, and they never

Throw rocks, And your hair is never parted.

Jack of FL 9:05PM November 20, 2009

Like a deck of cards, the housing industry is about to fall down big time. Example: My wife and I lived like normal Americans did two years ago. We added on to our home but did not go crazy. We have always worked hard and always paid our bills. Were good people. I lost my job 8 months ago and am now working part time only at 40% less money than I made each for the past three years! Not only are the frills gone, we eat only two meals a day and are barely able to pay our bills. Both Savings and Checking accounts are now empty and winter is coming. We WANT to be good Americans but our taxes and insurances are litterally killing us. Soon, we might join the ranks of foreclosures and their is not a thing we can do about it. I'm too old and sore to do most jobs yet too young to be able to collect any benefits that I have paid into for the past 34 years!

We need devine intervention before the greedy amongst us destroy our beloved country right before our eyes...

Tom of NJ 8:30AM November 20, 2009