Trading grew exponentially. And well-greased politicians looked the other way. The Financial Crisis Inquiry Commission summed it all up in two words – “pervasive permissiveness.” Foreclosure News

A Tragic Tale: Instant Gratification and the Great Recession

October 17, 2018 admin

As the popular saying goes, “hindsight is 20/20.” Hence, ten years after the 2008 financial crisis, it's time to look back and reconsider the story you've been told of the “Great Recession.” Foreclosure News

Ten years after onset of Great Recession, how are retirees doing?

October 2, 2018 admin

This month marks 10 years since one of the most dramatic events of the financial crisis – the collapse of the Lehman Brothers investment bank. In the financial crash and Great Recession that followed, millions of Americans lost their homes and jobs and saw their prospects for a secure retirement damaged. Foreclosure News

Ten years after onset of Great Recession, how are U.S. retirees doing?

September 27, 2018 admin

4 charts show how bad the Great Recession was 10 years ago

September 18, 2018 admin

This month marks 10 years since Lehman Bros. became the largest bankruptcy case in U.S. history. Foreclosure News

The recession that cut California deeply isna t fully forgotten

September 18, 2018 admin

Wind blows through the desolate and deserted remnants of the new housing tract that was shut down in the Great Recession. One-by-one, developers are picking up properties from original lenders or the auction block. Foreclosure News