Friday, August 20, 2010

Ha! I'm RIGHT!

This report on Cleveland's foreclosure crisis confirms everything I've said over the past 2-3 years, that for Cleveland it was predatory subprime lending that fed the beast and it's just growing. Cold comfort.


helen said...

I'm too lazy to read the whole report. You said that subprime lending is growing? GROWING?! Even while everyone's still reeling from the housing bust, subprime lending is on the rise? Surely I misunderstood you.

Kerry said...

No, no, no--they haven't really arrested the foreclosure and blight cycle. Subprime predatory lending they attribute most of the cause to.