Associated Press headline, Jan. 13, 2011: "Over 1 million Americans Seen Losing Homes In 2011"
In 2010, 2.8 million people had some sort of foreclosure action taken on their house, ranging from a notice to outright foreclosure, of which there were a million. In 2011, housing industry experts expect the number of home foreclosures to rise to 1.2 million.
Did you get that: After trillions of dollars in TARP and bailouts and various government programs to pay people's mortgages or otherwise keep them in their houses, the home foreclosure problem is getting worse!!!
How's that "hope and change" working out for you?
By the way, have you heard anything about this on the alphabet networks?