Mortgage Crisis and Recession Blues

Here are an assortment of links from The Conversation's popular thread "
Once Again, the Federal Reserve Saves US Economy " :

“With the increasing number of homes being foreclosed upon, what we’re finding is people vacate these homes, other people are coming in and using these homes, often times for parties and gatherings,” said David Keith of the Oxnard Police Department.

Police said the parties can involve alcohol, drugs and sometimes more, KNBC’s Gordon Tokumatsu reported.

White House threatens to Veto Senate act designed to prevent foreclosures

Mortage Ruling Could Shock US Banking Industry

Failure of the Invisible Hand as "Market Driven" Mortgage Crisis Aid Declines

Allegheny County Sheriff Disgusted by Having to Kick So Many Families out of their Homes Comes up with an Innovative Measure to Reduce Foreclosures

Arsons Flare in US Mortgage Crisis

Credit Crunch Forcing US Middle Classes to Live in their Cars

Starbucks to Close 600 Stores in US

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