In March foreclosures were up 29% from the previous month and 181% from the same month the previous year. Economic catastrophe is right around the corner and all the people who have been buying homes at the top of the market are going to be seriously under water. This bubble is going to burst in a much larger way than in 2008. This will destroy millions of people's lives and affect every one of us.
www.lewrockwell.com
Foreclosure Fraud 2.0... - LewRockwell
…appears to be on the horizon. As the actual data on foreclosures and defaults gradually and steadily ticks upward, other data–including particularly a spike in household debt led by increased mortgage debt and recent consumer credit card binges–suggests that very soon it may be 2008 all over...
www.lewrockwell.com