Walking Away

Walking Away

by
Abby Zimet

An intriguing, unprecedented phenomenon: With real estate values still plummeting and no real help in sight, over five million homeowners,
or about 10 percent of Americans with mortgages, are walking away from
their debts. Feeding the populist revolt are oblivious banks that, as
usual, "are damned if they will help."

"It
doesn't seem right that I can rent a place somewhere for half of what
I'm paying. I told my bank, ‘Just take a little bite out of
what I owe. That would ease me up. Isn't that why the president gave
you all this money?' " - Joe Figliola, a newspaper circulation manager in Elgin, Ill. whose salary has been cut.

THE LAST FIREWALL AGAINST THE LIES

Independent media has become the last firewall against government and corporate lies.   Yet, with frightening regularity, independent media sources are losing funding, closing down or being blacked out by Google and Facebook.  Never before has independent media been more endangered.  If you believe in Common Dreams, if you believe in people-powered independent media, please support our critical Winter campaign now and help us fight—with truths—against the lies that would smother our democracy. Please help keep Common Dreams alive and growing.

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