The Consumerist has a post that contains a "stick figure" slide show that explains, remarkably well, the way the sub-prime mess has occurred. Be warned there is some strong language in the slide show but on the whole it is very well done and, with humor, explains how we got in this terrible position we are in now.
At the always informative Consumer Law and Policy Blog, Deepak Gupta has an excellent article discussing some recent pieces of journalism discussing foreclosures and sub prime lending.
Alabama consumers have faced tremendous pain and suffering from wrongful foreclosures and from what appears to be illegal sales tactics and sometimes outright fraud in the making of sub-prime loans. We will post more articles about these subjects, particularly when we can provide some possible guidance on where to turn if you find yourself caught up in these types of problems.
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