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Home Sweet Wall Street

Robert Scheer / Truthdig Feb 16, 2011 A most dastardly deed occurred last Friday when the Obama administration issued a 29-page policy statement totally abandoning the federal government’s time-honored role in helping Americans achieve the goal of homeownership.It wasn’t meant to end this way, and key Democrats, quite a few of them Clinton alums now in the Obama administration, bear the responsibility for the sad fate of Roosevelt’s dream. Dig deeper ( 4 Min. Read )

Squatting as Civil Disobedience

Staff / Truthdig Apr 10, 2009 As foreclosures continue to force Americans out of their homes, some advocacy organizations are getting creative, suggesting that homeowners refuse to leave their foreclosed houses and helping others move into vacated abodes -- either openly or under the radar. Dig deeper ( 1 Min. Read )

CEOs Were Bailed Out, Homeowners … Not So Much

Staff / Truthdig Feb 11, 2009 Robert Greenwald's filmmaking team has zeroed in on the ongoing mortgage crisis in this clip illustrating the stark contrast between the fate of Wall Street bankers and that of struggling homeowners after the initial bailout money was doled out -- without any requirements that those who benefited the most account for the funds or be accountable to people trying to save their homes. Dig deeper ( 1 Min. Read )

Nationwide Foreclosure Rate Shoots Up 81% in 2008

Staff / Truthdig Jan 16, 2009 We knew this news was bound to be bad, but we didn't think it would be quite this grim: The number of American homeowners who faced foreclosure proceedings in 2008 passed the 2.3 million mark, an 81 percent increase over the previous year. Dig deeper ( 1 Min. Read )

Housing Signs Point to More Market Woes

Staff / Truthdig Jun 6, 2008 The housing market is continuing its descent into Slumpsville, judging by the way things have gone over the first quarter of 2008, and indicators don't look good for the immediate future, either. American homeowners have been forced into foreclosure in record numbers this year and late payments have soared to a new high. Dig deeper ( 1 Min. Read )