Tuesday, November 30, 2010

The Foreclosure Pileup More Bad News For The US Economy | All Global News on One Page

The Foreclosure Pileup More Bad News For The US Economy | All Global News on One Page:
"Imagine a million-car pileup on the highway. Nobody moves. That’s
the housing foreclosure breakdown: houses stalled, waiting on the
housing market highway.
The cause of the pileup, like the cause of most pileups, is
volume. Too many mortgages have broken…"


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