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Economy

In reply to the discussion: Dr. Housing Bubble 09/22/2014 [View all]
 

jtuck004

(15,882 posts)
2. Sorry, no. That was 7 million families being foreclosed on and thrown in the street, so
Tue Sep 23, 2014, 12:06 AM
Sep 2014

the average went up. And since income has steadily dropped since then, and the number of people in poverty increased, there is no evidence of it getting better. The only real bright spot is builders making apartments for people in servitude. Bright for the builders, anyway.

Because of the plan today (and how it was shoved through is detailed, happily and proudly, in Timothy Geithner's book - and ridiculed to his face by voters on Jon Stewart's show in May of this year <lol&gt there are 9 million loans underwater. A lot of the loans in the HARP program became ARMs, and when interest rates adjust we may well see millions more added to those numbers. And that doesn't count the hundreds of thousands of people who have spent down their 401Ks trying to make it until "hope" brought them relief, and they are almost finished as well, now surveying the cat food aisle.

Perhaps we should shelve "hope" and find people who actually make things happen. For the worker, not the thieving bankers.




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