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Foreclosures on the Rise: Bankquakes, Not Earthquakes

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opednews.com Headlined to H2 3/11/10



FORECLOSURES ARE RISING AND NOT JUST HOMEOWNERS ARE AFFECTED

A Haitian Story: Loses Family Home In Earthquake, NY Home in "Bankquake"

By Danny Schechter

Author, The Crime of Our Time

The financial crisis started as a housing bubble with the financial industry convinced that home values never fall. How wrong they were even a they leveraged and securitized their investments to create a global crisis.

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.

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