American News Project / By Lagan Sebert
comments_image -

Road to Ruin: Burned by Brokers

Will bailout money reach average homeowners dealing with toxic assets?
April 17, 2009  |  
 
Advertisement
 

Economists, politicians, and pundits refer to "toxic assets" as if they are some unspeakable stew bubbling in a barrel behind an old warehouse. But "toxic assets" are actually mortgages and, by extension, houses and the people who live in them. Sandra Berrios is one of millions facing the prospect of ballooning loan payments forcing her and her family from their home. The bank that lent her the money is getting hundreds of millions in TARP money, but the federal dollars flowing to the bank show no sign of trickling down to Sandra's level.

  • 1
View as a single page
 

submit to reddit
Will bailout money reach average homeowners dealing with toxic assets?

-
Email
Print
Share
LIKED THIS ARTICLE? JOIN OUR EMAIL LIST
Stay up to date with the latest AlterNet headlines via email
See more stories tagged with: mortgages, bailout, foreclosure, tarp
Advertisement
Most Read
Most Emailed
Most Discussed
On REDDIT
On DIGG
 
loading most read content ..
Advertisement
Fox, Breitbart, and Ricketts Try to Bring Back D'Souza's Pseudo-Birtherism

By Steve M | No More Mister Nice Blog

 
 
Activists Speak Out Against Lack of Access to Bradley Manning

By Agence France Presse

 
 
NYPD Catches Sexual Assailant, Then Lets Him Go Free Because He Didn't Feel Like Being Questioned

By Jill F | Feministe

 
 
Gov. Scott Orders Purging of Florida’s Voter Rolls - Just in Time For Prez Election

By Adele Stan | Washington Monthly

 
 
Abortion Clinics Across Country Put On Alert In Wake of Georgia Clinic Arson Cases

By Robin Marty | RH Reality Check

 
 
Former GOP Congresswoman Blasts New GOP Women’s Caucus: ‘They’re Not Voting In Best Interest Of All Women’

By Josh Israel | ThinkProgress

 
 
Debbie Wasserman Schulz is Wrong on Wisconsin

By LaFeminista | DailyKos

 
 
Pro-Coal Group Pays People to Wear Its Shirts at EPA Hearing

By Heather Moyer | Sierra Club

 
 
Kids Inundate NY Governor With Concerns About Fracking

By Seth Gladstone | Food and Water Watch

 
 
Shareholders, Top Doctors Demand McDonald's Assess its Health Impacts

By Sara Deon | Civil Eats

 
MORE
 
 
RH Reality Check
 
alvinmcewen
 
RH Reality Check
 
Mikey Weinstein
 
Tikkun Daily
 
Tikkun Daily
 
RH Reality Check
 
RH Reality Check
 
jeffbiggers
 
alvinmcewen
 
MORE
 
 
loading ...
POWERED BY DIGG'S USERS
ABOUT DIGG
 
[ page served from web 2 ]