Sunday, October 2, 2011

Special Report: A "great haircut" to kick-start growth (Reuters)

Donald Bonner, 61, who has been delinquent on his mortgage payments for three to four months, speaks with a mortgage specialist at a JPMorgan Chase foreclosure consultation event in New York, in this March 31, 2011 file photo. REUTERS/Shannon Stapleton/FilesReuters - More than three years after the financial crisis struck, the economy remains stuck in a consumer debt trap. It's a situation that could take years to correct itself. That's why some economists are calling for a radical step: massive debt relief.


Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20111003/ts_nm/us_haircut

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