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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (7849)	2/12/2004 1:20:28 PM
From: mishedlo	Read Replies (1) of 110194

Bill Bonner, back in London... "With a record number of Philadelphia homeowners unable to pay their mortgages," begins a report from the City of Brotherly Love, "city officials, the sheriff and advocacy groups are trying to convince a judge to suspend the city's foreclosure auctions." "This is the worst time for foreclosures basically since the Great Depression," said John Dodds, director of the Philadelphia Unemployment Project, the group leading the moratorium drive. "You can't keep letting hundreds and hundreds of people lose their home every week. "Philadelphia Sheriff John Green said he would participate in a lawsuit to suspend the auctions, which this week saw a record 1,120 homes up for bid."

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