Financial crises and Forclosures

Do chk out this link on the Freaknomics blog, explaining how credit markets work just so that people understand their importance.

Economists and Bailouts: Mea Culpa

Secondly do chk out the SoCal site and see some of its videos, to understand how deep the foreclosure crises is and how it is affecting many young Americans lives, as people are abandoning almost everything while leaving a foreclosed house and how much of it is going to waste and landfills .

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