The news is usually a source of ideas for the Soapbox, second only to clients. The news this month echos all too familiar themes.
- Notices of foreclosure sales must be single handedly supporting my local newspaper, the Mercury News.
- AP and the NYTimes write with amazement that mortgage loan modifications aren’t happening.
- The Mortgage Bankers write letters to the editors opposing a bankruptcy solution to the housing debacle.
Meanwhile, the average income of people through my door has to have increased $75K a year in the past four months. Bankruptcy now looks good to people making well over $200,000 a year.
The formerly well to do are following more and more long established small businesses that have hit a wall.
The news tells us the recession is ending; if that’s so, the casualties will persist long after the economy is supposedly recovered.
