For some time now I have been eluding to the fact that there was more to come regarding all the people and companies who would be exposed in the mortgage crisis we are currently in. I ran across an article in the Denver Post that tells of a law suit filed by the City of Cleveland. It is certainly worth reading if you are interested in what still remains to be the largest and most extensive financial wreck this country has yet to see. I still believe we haven’t seen the worst of the foreclosures and as regrettable as it may seem the ball rolling down hill is picking up steam.
If the City of Cleveland is successful with their suit then many others will follow. The cities and the citizens of those cities are truly the victims. The author of the article tells a story of what may become what’s next in the mortgage mess.
http://www.denverpost.com/business/ci_7971836
More to come
Lonny
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