Looting class killers: Health effects of foreclosures
Wall Street Journal, of all places:
New research by Janet Currie of Princeton University and Erdal Tekin of Georgia State University shows a direct correlation between foreclosure rates and the health of residents in Arizona, California, Florida and New Jersey. The economists concluded in a paper published this month by the National Bureau of Economic Research that an increase of 100 foreclosures corresponded to a 7.2% rise in emergency room visits and hospitalizations for hypertension, and an 8.1% increase for diabetes, among people aged 20 to 49.
Each rise of 100 foreclosures was also associated with 12% more visits related to anxiety in the same age category. And the same rise in foreclosures was associated with 39% more visits for suicide attempts among the same group, though this still represents a small number of patients [except to the famlies, of course], the researchers say.
This makes Obama's HAMP program -- which was yet another predatory lending program to benefit the banksters, except run directly by the government -- all the more reprehensible and immoral.
It also shows you where the real war is, and where the deaths and the casualties are. Clue stick: Nobody who's collecting a bonus is on the casualty list.
NOTE The accounting control fraud that led to the foreclosure crisis was systemic, and the entire ruling collected on it, with zero, one, or maybe two or three degrees of separation. The largest upward transfer of wealth in world history, Jamie Galbraith called it.
Banksters: Fraud. Accountants: Fraud. Salesman and traders: Fraud. Systems administrators: Fraud. Ratings agencies: Fraud. Regulators: Fraud. Financial journalists: Fraud. Professors of economics: Fraud. Lawyers: Fraud. The entire looting class. Now ask yourself why there are no criminal prosecutions, even though they stole a lot of money and killed a lot of
people human resources. Because they're all in on it, that's why. "Accounting control fraud on the Orient Express."