OpEdNews – The Looming Foreclosure Crisis: As The Fed Runs Out Of Bullets, Local Governments Are Stepping In – 8 July 2014

By Ellen Brown

The underwater mortgage crisis by mydolr.com

Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won’t act, counties will, as seen in the latest developments on eminent domain and litigation over MERS.

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