A History of Home Foreclosure in Ramsey County

Trimming The Muscle from the local economy:

The first wave was froth and had the economy rebounded, that would have ended it. The second wave was fat – people who shouldn’t have had loans anyway – but the third wave is the muscle and bone of the economy. These are prudent borrowers who raised families in their homes and now have lost their life’s savings. That’s going to have a lasting impact on our economy far beyond this election.

This is the Obama Recovery.