The New York Times recently anecdotally explores just who is being foreclosed upon right now, and who is doing the foreclosing, when banks fail and the loans are auctioned off, noting that it’s mostly small-business owners being squeezed by debt-collectors, since most single-family homeowners are at least temporarily exempted by law from foreclosure. http://www.nytimes.com/2009/04/17/business/smallbusiness/17debt.html I […]
19
Apr
NYT: After the Bank Failure Comes the Debt Collector
Posted by admin Published in Meta-discussion, Uncategorized, Useless BlatherTags: debt, foreclosure, redistribution, tax, wealth
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