Tent Cities of Today – And Yesterday

Mark Thoma at Economist’s View shows us the tent cities now sprouting up in Sacramento, Calif., not far from the small town where he grew up. Those tents are homes now for people who lost their previous dwellings to foreclosures. Below the picture, you can click on an image More…

A Get Out of Jail Free Card for Troubled Homeowners, and Other Mortgage Rescue Ideas

Over at Economist’s View, Christopher Thornberg offers some ideas for stemming the foreclosure crisis – and while you may not agree with them, I’d rate them all much higher on the scale than having former subprime lending executives make new fortunes buying up distressed assets.

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