In my previous post I spoke of the barrier that the massive amount of bad consumer debt poses to economic recovery. Mother Jones has an article by Andy Knoll describing large numbers of foreclosures hiding in the background that have yet to be processed, and the millions more that have fallen behind but have managed to hold on thus far. The story is a vivid illustration of the need to resolve as much of this bad debt as quickly as possible. You can find it here: http://motherjones.com/mojo/2010/03/foreclosure-shadow-market-grows
March 12, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Comments are welcome. Please refrain from insults and personal attacks, as these add nothing to any debate.
Any media interest in this blog can be expressed through this comment section as well.