The United States of Foreclosures

Common Dreams - The financial crisis started as a housing bubble with the financial industry convinced that home values never fall. How wrong they were even as they leveraged and securitized their investments to create a global crisis.

Now, brace yourself because not only is it not over, but in some respects it's just begun. There will be more foreclosures this year than last and as a result more suffering for American families.

Today, it's not just that prime loans are about to go belly up but more and more tenants living in private homes are at risk-with no one looking out for them because they don't own anything and so are considered disposable.

Mounting foreclosures is an issue I have been writing and railing about. Protests against them are featured in my forthcoming film Plunder: The Crime Of Our Time. Read more.