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More Ideas From Washington That Don’t Make A Difference

Cleveland blogger Bill Callahan follows another development in the foreclosure crisis hitting Cleveland and other cities in the Midwest. He illustrates the end

Jul 31, 2020
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Cleveland blogger Bill Callahanfollows another development in the foreclosure crisis hitting Cleveland and other cities in the Midwest. He illustrates the end result of something I wroteabout yesterday, the increasing problem of banks and mortgage companies dumping their properties and walking away, leaving cities to clean up the mess. As homes move down the chain from the homeowner, to the bank, to the speculator, they wind up as little more than neighborhood blight. Note in Callahan’s post just how long this two-family house has been sitting vacant—two years.
So if you have to pass by something like this every day, I somehow doubt that the front-page newsof Ben Bernanke’s support for a stimulus plan makes you think, hey, good times are just around the corner. Not on your corner, anyway.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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