Solving the Foreclosure Crisis, Now that They've Grabbed All They Can

I dreamed of entering a shop where I was declared the "winner" and I cheered my shopping cart as I wanted. The only "capture" is the time limit of seconds. I awoke, pant pant, speed up my mind and laugh at myself. Reading last year's headlines, many people are realizing this dream and are trying to capture this dream as much as possible. Seemingly simple credits made it possible to accumulate the products they had dreamed of, or accumulate cash earned for many years before they were acquired.

The problem of solving the foreclosure crisis first raised the question "Is there really a foreclosure crisis?" The crisis is indeed in danger, but it is not caused by foreclosure of mortgage loans. . Foreclosure is a mechanism to deal with debts that people can not borrow. The potential impact of housing foreclosure (slowing down by the "affordable family plan" of the Obama administration) is actually a market, not a debt but a crisis. The history of the world economy has experienced sovereign debt crises such as Latin America in the 1980s, Russia in the latter half of the 1990s, and Argentina in the early '00s. The debt crisis in Europe is the most important thing in the business world since 2010.

Six years have passed since the foreclosure crisis occurred, and technical termination and recovery period of the economic recession began in five years. The nationwide foreclosure crisis has been relaxed. However, in Maryland, foreclosure recently recorded the highest value, Maryland ranked 16th in foreclosure, but by 2013 the state rose to 3rd place nationwide. The number of applications has surprisingly increased 250% between 2014 and 2014, and the foreclosure rate of Prince George County has increased by 50% this year.

Mnuchin's alma mater, Goldman Sachs, played a leading role in the occurrence of the foreclosure crisis, and then benefited from the foreclosure crisis by forcing families from their homes. Now he is going to be US Treasury Secretary and will help us decide the national fiscal policy for the next decade. Activists including Jean Sassine on January 17 not only resist Mnuchin's appointment as Minister of Finance, but also camp on Goldman Sachs to illuminate Mr. Trump as President. Contradiction of obligation, the latter attempting to "consume wetlands" and now appoint wetland monsters to operate our economy