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Tag Archives: Mortgage Crisis

Wait a second, I thought it was a crisis?

So, the Lowell Sun is reporting about the housing/mortgage crisis ina  very small scale way. It’s a nice, non-threatening article, and while not as informative as a conversation with Dick Howe it was still worth reading.
The things that struck me in the article were:

People with good credit can get money fairly easily.
There are a [...]

Call me cruel

Yes, I know foreclosures are up — way up — over last year. I know they’re at near-record levels. But the idea of saving the lenders makes me ill.
I realize the short term devastation it would cause to let them fail. I really do. Still, I have to ask myself, is this the precedent [...]