How to Overcome Foreclosure in America

In 2008, 3.1 million Americans filed for foreclosure That's almost one in every 54 homes Many experts claimed the banks were too big to fail Meaning that letting them be shut down would have too great of an impact on the US economy As a consequence, Congress passed the Emergency Stabilization Act of 2008 Which authorized the Treasury Secretary to buy up $700 billion worth of troubled assets To restore liquidity in the financial markets In other words, the institutions that caused the crisis were bailed out The Americans who trusted the system were just trying to chase the American dream And lost their homes were not bailed out No one went to jail Chris, even though our cousin Pookie can get multiple years for less than $