Thursday, July 15, 2010

Remember How We Solved That Foreclosure Crisis?

When the central bankers saved the world?
The number of U.S. homes taken back by banks through foreclosure hit a record high in the second quarter, even as lenders delayed more homes from entering the process through short sales and loan modification efforts, according to data to be released Thursday.

I've been astonished at the degree to which "crisis" became "normal" even as the crisis got worse.