Here is another good article from the Wall Street Journal. I think they are taking a more populist approach on foreclosures. You hear financial experts or bailed out bank-sters preaching about moral obligations, duties, and setting the example, but those righteous people always seem to have a vested interest in helping themselves or their constituents. [...]
I thought this was an interesting article. If you ever got a collection call and wondered who was on the other end, then this might give you some insight.
Mainstreet:
To begin, we need some perspective. True, on the list of issues you’ll face today, getting a call from a bill collector ranks somewhere between root canal [...]
I think Prechter makes a good forecast.
Enjoy!
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