Limpiar el atolladero de ejecuciones hipotecarias en las cortes, ayudará a revivir la economía del FL?

Will clearing foreclosure logjam revive Florida's economy?

By KIMBERLY MILLER

Palm Beach Post Staff Writer

Updated: 9:41 p.m. Saturday, Sept. 24, 2011

Posted: 7:17 p.m. Saturday, Sept. 24, 2011

With hundreds of thousands of foreclosure cases clogging Florida's courts and more defaulted loans in the pipeline, Moody's economists now predict South Florida home prices won't hit bottom until late 2012 or early 2013.

But whether clearing the logjam through an expedited foreclosure process will equal a shortcut to economic recovery is still up for debate. The current timeline to foreclosure in Florida is 676 days -- nearly two years -- the third-longest wait time in the country.

Geenspan, Bancos, y el Congreso parte del "Con Job"

Dylan Ratigan Explains 'Con Job': Greenspan, Banks, Congress To Blame

First Posted: 04- 7-10 06:16 PM   |   Updated: 04- 8-10 02:06 AM


Dylan Ratigan sought to explain the causes and scope of the of the financial crisis Wednesday. Calling it a "con job," Ratigan identified former Federal Reserve Chairman Alan Greenspan as a godfather-like figure at the helm of the alleged scam. Ratigan argued that Greenspan's decisions to keep interest rates at low levels benefitted banks who used the low borrowning rates to lure Americans into taking out more and more loans. Banks didn't maintain enough capital, but that didn't matter, Ratigan said, because--thanks to the government's support of too-big-to-fail banks--the system was rigged and they stood to gain no matter what happened to the loans that they made. Ratigan blamed Congress for "feeding the money" to banks and not looking out for Americans.