The Shady Ways People Are Losing Their Homes--Even If They Don't Have Mortgages
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Foreclosure isn't just a personal tragedy for the homeowners involved; the real estate mess continues to be a weight dragging down this painful, jobless “recovery.” Washington has steadfastly refused to offer homeowners real relief, as that would require Wall Street to take some losses. Meanwhile, the media have pivoted from the foreclosure crisis – and the catastrophe in our labor markets – to focus relentlessly on the deficit.
In a society with different priorities, perhaps that wouldn't be the case, but in America, we're supposedly all on our own. And when business is presented with an opportunity to make a few bucks, it has a “fiduciary responsibility” to pounce on it -- never mind the economic or human consequences.
Joshua Holland is an editor and senior writer at AlterNet. He is the author of The 15 Biggest Lies About the Economy: And Everything else the Right Doesn't Want You to Know About Taxes, Jobs and Corporate America . Drop him an email or follow him on Twitter .