Foreclosure crisis far from over

Despite what mainstream media calls a recovering economy, the reality is Americans are still losing their house to foreclosure. The foreclosure crisis is far from over and it is apparent as Main St. continues to struggle. Author Nomi Prins believes there is clearly a lack of connection between Washington and the reality everyday Americans.


solution: Banks, Oil company's, credit company's can NOT fall under free enterprise. They NEED to be regulated. They NEED to be made to take less profits in order to help the economy. Under free enterprise, those institutions are able to make there money even at the expense of the entire nations well being. We are free as long as we don't infringe on others freedoms or rights...but that don't seem to apply to those institutions?

UK house prices ruining UK economy (20Jan11)

Stop using house prices to bring down the UK economy, a house is for living in, not pretending you are rich. At last the DP team decide to look at the ridiculous situation of house prices in the UK.

Recorded from BBC Daily Politics, 20 January 2011.

2011 to Top 2010 Record on Foreclosures

The bleakest year in the foreclosure crisis has only just begun. That's the prediction from RealtyTrac which says 1.2 million homes will be repossessed this year. (Jan. 13)

Massachusetts Foreclosure Ruling : Landmark

Jan. 10 (Bloomberg) -- Joshua Rosner, an analyst at Graham Fisher & Co., talks about the implications of a court ruling against U.S. Bancorp and Wells Fargo & Co. in a Massachusetts foreclosure case. The state Supreme Judicial Court upheld a judge's decision saying two foreclosures were invalid because the banks didn't prove they owned the mortgages, which he said were transferred into two mortgage-backed trusts without the recipients' being named. Rosner speaks with Deirdre Bolton on Bloomberg Television's "InsideTrack."

American Foreclosures Tsunami

Due to the global financial crisis, many people in the US are now loosing their homes as a result of unwarranted foreclosures.

Pittsburgh Man House Demolished by Mistake

AssociatedPress and WPXI--January 05, 2011--A Pittsburgh man says he returned to his home after the holidays to find a backhoe sitting where he house should have been. City officials say a contractor accidentally demolished the man's house, instead of the one next door.