Community Interests

There were incalculable numbers of people who were obtaining house loans that had no business getting them in the first place. Plus you toss in the issue that there were scandal ridden mortgage dealers trying to earn some money off of these unknowing targets. The aftermath of this situation is now there are record numbers of homeowners are being foreclosed upon. Debt negotiation can be a blessing in disguise. This equals disaster for the marketplace and has trickled down to hurt many other monetary markets. The credit industry has been making it’s grip stronger and as a result charging these debtors outrageous APR’s. Now we are experiencing major problems in the banking sector too with the bankruptcy of Washington Mutual. In turn this banking crisis negatively affects the stock exchange.