Comment to article below: what country is so shortsighted that they will have their workforce DELIBERATELY live on the streets?
May the tornados have a preference for the greedy bank directors.

How much stupidity can one stack in ones head? Only God knows.
Uh oh I have to cut the comment short, I hear God's Nostrils again.

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Jun 13, 2008 3:32
US foreclosure filings surge 48 percent
By ASSOCIATED PRESS
WASHINGTON

The number of US homeowners swept up in the housing crisis rose further last month, with foreclosure filings up nearly 50 percent compared with a year earlier, a foreclosure listing company said Friday.

Across the United States, 261,255 homes received at least one foreclosure-related filing in May, up 48 percent from 176,137 in the same month last year and up 7 percent from April, RealtyTrac Inc. said.

One in every 483 US households received a foreclosure filing in May, the highest number since RealtyTrac started the report in 2005 and the second-straight monthly record.

Foreclosure filings increased from a year earlier in all but 10 states. Nevada, California, Arizona, Florida and Michigan had the highest statewide foreclosure rates.

Lehman Brothers economist Michelle Meyer said in a report Thursday that US home sales are likely to hit bottom at the end of this summer, but said a recovery in sales is likely to be "feeble." Home prices, she wrote, are still expected to fall another 10 percent by the end of 2009.

I was really furious over the leaders of Myanmar (Burma) for not allowing aid workers to go into the country and help desperate people stay alive. In a less serious way, this is happening right here by our own leaders who can't seem to excercise control over interest rates, unethical financial practices, and greedy oil brokers.

My neighbor and good friend is a real estate agent and works for a prominent agent here who sells only the million dollar homes.

She told me yesterday that they have become busy again. I'm thankful to hear that.

The problem of the forclosures is that people get in way over their heads. She sees this happen all the time.

They want a lifestyle as well as a home that they really cannot afford.

happy one, I am sorry I can not share your view, although there are people who fit your description.
But fact is that this whole crisis is caused by the greed of our leaders, who are abusing the fact that people make financial planning based on a longterm prospect, and it is the DUTY of our leaders to secure that longterm prospect.

But instead, it shows, that our leaders have concocted a plan where they say to themselves:
Let us toughen the economy by INVOKED crisis so that we can possess the assets of many "ordinary" people and make ourselves richer.

That, my friends is blatant greed. God will deck up their concocted schemes. Do not be alarmed when tornados tear through their rich neighborhoods, for surely whomever prays to the Lord when a tornado passes over, their homes will be unharmed!

I see so many people call on God in their struggle to not be made homeless by the greed of those who induce fake crisis to get richer.
May the Wrath of God be upon the wicked and show no Mercy, but Justice, for surely I declare this day that the wicked will be made to serve the pigs in Heaven for 100, 500 or 1000 years, if at all God will show forth His Mercy at that Great Day, to be soon to come down upon us all!

So be it. Amen.