About a year ago, many were blaming the rise in foreclosures on borrowers taking on more house and debt than they could afford. Typical of blame the victim mentality.
Now, it appears that job losses are responsible for 50% of all current foreclosures.
Who're you gonna blame now, when the victims of foreclosure are twice victimized, once by the job loss and then next by the loss of their homes and stability?
I've said it before: We must focus our attention on job creation and domestic infrastructure to stop the bleeding.
It's getting worse. Scrooge has come home to roost this Christmas.
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