There was an interesting article in the New York Times detailing the plight of Eileen Ulery, a homeowner in Mesa, Arizona caught up in the delinquency/foreclosure crisis. She basically owes $143,000 on a house worth only $122,000, a loan to value of about 117%. She lost her job at Arizona State University with an income [...]
More on this topic
(What's this?)
Are Bank Stocks Such a Good Buy?
(naked capitalism, 8/17/10)
Steve Keen: Bank Profits a sign of economic sickness, not health
(naked capitalism, 8/12/10)
THE DETERIORATING MACRO PICTURE
(THE PRAGMATIC CAPITALIST, 8/30/10)