There's also no sign that things are slowing down. Harmon said bankruptcies have been coming in waves, first with those 18 months ago who had adjustable-rate mortages, then with those who lost their jobs due to the housing downturn. Now he's finding wealthy individuals and business owners who have finally succumbed to lower incomes and shrinking home values.
Little doubt why the Son of the Stimulus bill will be quickly drafted and debated in the Senate.
Source: finance.yahoo.com
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