Friday, August 24, 2007

Repossession Tragedy

Shrewd lenders spark US mortgage chaos

Story of crippled divorcee losing her home, the article manages to cram in everything: Bills, debt, refinance, race (why is it mentioned?), small print, repossession, banks, brokers, borrowers, bonds, subprime, negative equity. I could quote from every paragraph, but what i want to know is what is the 5th B? bankrupt ?

Posted by ds_t @ 05:16 AM (612 views)
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One thought on “Repossession Tragedy

  • ds_t. It looks like “bankrupt” to me.

    Articles like this are a reminder that despite all the negatives of living in UK, at least we still have a basic NHS.

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