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Barney Frank (Democrat) the chairperson of House Financial Services, harshly criticized the Obama government for failing to stop foreclosures.
Life for the unemployed is tougher than previous times. The pain is relatively more intense than what it was the last time the mercury touched 10%.
Increase in foreclosures matched by corresponding decrease in income due to the recession has compelled many to avoid lawyer’s fees and plead their own cases in courts.
Reeling under the housing crisis and recession, southern California has been deluged with personal bankruptcies. In 2008 it had the highest number.
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