Reed Allmand News Spot

Lawmakers hammer out a $700 billion proposal to bail out the financial industry. Some lawmakers are at odds over the plan; but some many experts fear that if the industry is not bailed out there will be a record number of bankruptcies over the next two years. Bankruptcy attorney Reed Allmand projects that there will be 2.3 million foreclosures over the next 2 years that will not only affect those homeowners in foreclosure; but will negatively impact neighbors dragging down all home values. The $700 billion financial industry bail out is the largest government bail out since the Great Depression.

Category:

Howto & Style

Tags:

• bankruptcy
• economic bailout
• housing crisis
• housing bailout
• foreclosure crisis