When the Republicans talk about an ownership society, they mean the banks and collection agencies own everything. I can't wait to hear McCain tell us how his economic plan would have avoided all of this but gee, I don't think he is going to throw his entire economic team who built this system under the bus. Not yet at least:
The numbers, compiled by online foreclosure marketplace RealtyTrac, also show increasing numbers of homeowners content simply to walk away from their mortgages as the amount they owe on their homes exceeds their value.
RealtyTrac said there were 234,685 foreclosure findings in March, up 5 percent from February and 57 percent from March 2007. One in every 538 US households received a foreclosure filing -- a default notice, auction sale notice or bank repossession -- during the month.
