Link: http://www.wsws.org/articles/2009/oct2009/dowj-o16.shtml

The wiping out of 7.2 million jobs in the US since the onset of the financial crisis is the principal cause of homes falling into foreclosure. This crisis of unemployment is only deepening, with the national unemployment rate set to top 10 percent this month. [Real Unemployment is almost 20%.] A total of 937,840 homes received foreclosure letters, including default notices as well as bank repossessions, according to RealtyTrac, a private firm that tracks foreclosure activity and markets foreclosed homes online. Of these, 238,000 homes were actually repossessed by lenders, a 21 percent increase over the previous quarter. Since the beginning of this year, 623,852 homes have been repossessed. In the worst-hit states, foreclosures have risen to epidemic proportions, with one in 23 housing units receiving notices in Nevada, and one in 53 in Arizona. Fully a quarter of a million homes faced foreclosure in California during the past quarter. The New York Times called the Dow’s rise to 10,000 “a milestone of the stock market’s recovery from the depths of the financial crisis.”

■ They injected some of the money they stole from us into the stock market to play funny games with it, and to to lure in the suckers, but the big money already has left the market. Sooner rather than later, they will waste our money just as skillfully as they once wasted their own.

■ In simple terms, 1. they messed up and got this crisis on their hands. 2. Then they stole our money. They did this with the Government's blessing, connivance & complicity. 3. Now they gleefully announce a recovery from "the depths of the financial crisis". Everybody happy. Well, not so fast. They're talking about their own recovery, not about ours. -Got "bailout"?

ICH: How the Servant Became a Predator. MDM: The Coming Stock Market "Wipe Out"!