The Illusion of Recovery in Subprime America
That’s the gist of my new piece published today at TomDispatch.com. While there’s plenty of projections and guesses on how long it’ll taking the housing industry to recover, far fewer are the firsthand, boots-on-the-ground reports on how struggling homeowners are faring right now with explosive interest rates, underwater mortgages, and uncooperative servicers or lenders. Today’s piece, I hope, will offer that perspective, a story in three acts set in the... Read More
