OpEdNews

Tags for This Article:

Populum Tag Cloud Control Panel
	Fine tune your search to access content

Articles	Links
Diaries	Products
Events	All

All time
Last 6 mos
Last month
Last week
Last 24 hrs

From:
Month Day Year

To:
Month Day Year

Alphabet Popularity	Count ON Count OFF
This Level	Sub-levels

Tag(s): Congress Failed Oversight $$; Congress Failed Oversight Democracy; Congress Majority Leadership; Congress Senate Legislation; Congressional Hearings; Corporations; Depression; Depression; Families; Foreclosures; Housing; Poverty
Add to My Group

April 3, 2008 at 10:15:33

The Victims Of The Sub-Prime Crisis Congress And The MSM Are Ignoring

by William Cormier Page 2 of 2 page(s)

www.opednews.com

(0.0 from 0 ratings) View Ratings | Rate It

For millions of families, this isn’t a recession, but a %^$#&**&^ disaster!

William Cormier

1 | 2

http://justanothercoverup.com/

I am nothing more than a patriotic American that is doing whatever I can to further the cause of democracy, the rule of law, and am absolutely outraged on how the Bush administration is defying our Congress, the Constitution, and the Bill of Rights! Footnote: I write in a style that I believe is appropriate in today's world where we can't trust the Mainstream News Media, and rather than concentrating on one article alone, which may or may not receive the exposure and emphasis it should, I prefer to meld several relevant stories together, that each taken alone may not expose the entire situation, but when taken-in as a whole, tend to give the reader a better understanding of the subject. One article or story alone does not represent the "Big Picture" - but when several are effectively tied-together it often reveals a trend or broader view of the subject matter that is important to completely understand any given situation. http://justanothercoverup.com/

	Contact Author
	Contact Editor
	View Other Articles by Author

Bookmark this page: (what's this?)

(More...)

3 comments

John is an educator who asks "Is that true?" and "Why?" far too often.
John HaighJohn is an educator who asks "Is that true?" and "Why?" far too often.

A simple question

Why aren't homes where the owners have been evicted for defaulting on their mortgage put up for rent?

by John Haigh (1 articles, 0 quicklinks, 1 diaries, 100 comments) on Thursday, April 3, 2008 at 10:51:13 AM

I am nothing more than a patriotic American that is doing whatever I can to further the cause of democracy, the rule of law, and am absolutely outraged on how the Bush administration is defying our Congress, the Constitution, and the Bill of Rights! Footnote: I write in a style that I believe is appropriate in today’s world where we can’t trust the Mainstream News Media, and rather than concentrating on one article alone, which may or may not receive the exposure and emphasis it should, I prefer...

to see more of bio, click on member name
William CormierI am nothing more than a patriotic American that is doing whatever I can to further the cause of democracy, the rule of law, and am absolutely outraged on how the Bush administration is defying our Congress, the Constitution, and the Bill of Rights! Footnote: I write in a style that I believe is appropriate in today’s world where we can’t trust the Mainstream News Media, and rather than concentrating on one article alone, which may or may not receive the exposure and emphasis it should, I prefer...

to see more of bio, click on member name

Foreclosure is often a lengthy process.

Many foreclosures can take over a year, sometimes as long as two years before the property is again available on the market. (Maybe things have changed since I was in the market, but that's how it was a few years ago.) It's a long process and the property, in most states, must be auctioned-off.

I noted that CNN updated their article and is reporting that a deal has been made (We'll see how it holds up.) giving the individual states the money to purchase some of these properties. Congress needs to understand the gravity of the impact the shrinking rental market is having upon the poor and disadvantaged and needs to expedite the process for individual states to purchase those properties and make them available for rental at a reasonable cost.

Further, those that have been through foreclosure also have bad credit, and even securing a lease in an apartment can be a challenge and many are forced to deal with "slumlords" that make life even tougher than it should be. This is becoming a huge problem and we all need to bring this matter to Congress's attention and make them aware that without someone stepping in, our homeless rate will soon hit new highs – and seniors and the disabled are not able to fulfill many of their basic food and living costs that just last year, conditions were not nearly as severe as they are now.

William Cormier

by William Cormier (116 articles, 5 quicklinks, 16 diaries, 289 comments) on Thursday, April 3, 2008 at 12:03:22 PM

I am a social worker who works with chronically mentally ill people. Like enjoy reading, quilting and visiting with people
beccyI am a social worker who works with chronically mentally ill people. Like enjoy reading, quilting and visiting with people

Victims

The sad part of the story is that many people buy houses because it is cheaper to own then to rent

by beccy (0 articles, 0 quicklinks, 0 diaries, 87 comments) on Friday, April 4, 2008 at 7:25:25 PM

3 comments

Copyright © OpEdNews, 2002-2008