“The country’s growing unemployment is overtaking subprime mortgages as the main driver of foreclosures, according to bankers and economists, threatening to send even higher the number of borrowers who will lose their homes and making the foreclosure crisis far more complicated to unwind.” (Washington Post, Tuesday)
Thank every government official who gave us the housing bubble and recession.
FEE Timely Classic
“How Inflation Breeds Recession” by Henry Hazlitt
