Friday, October 3, 2008

Elderly woman attempts suicide following foreclosure

You know the foreclosure crisis has gone too far when a 90-year-old widow is driven to shooting herself because she loses her home. But that's exactly what happened in Akron, Ohio.

Foreclosures will make folks do things they otherwise wouldn't. It's sad. How much money can you possibly be expected to have when you're 90? The elderly have some of the lowest incomes of any age group.

Counties have the option of not enforcing foreclosures. It happened in a county in Ohio some years ago, and Philadelphia recently made some moves in that direction. I hope more counties stop rubber-stamping foreclosure enforcement.

While the taxpayers are being forced to bail out Wall Street, it sounds to me like the big financial institutions don't need it.

(Source: http://www.cnn.com/2008/US/10/03/eviction.suicide.attempt)

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