Obamamanomics: Foreclosures Worst In 3rd Quarter Ever
It’s not that we haven’t had bailout after bailout for the last 18 months.
NEW YORK (CNNMoney.com)—Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday.
“They were the worst three months of all time,” said Rick Sharga, spokesman for RealtyTrac, an online marketer of foreclosed homes.
Despite? Can you say because. If government hadn’t been interfering in the market in the first place we never would have had the bubble.
What they’re doing is dragging out the problem (created by the government) rather than let the market solve it.
