Foreclosures are the ?mortal enemy? to economic recovery ?

… according to John Taylor, president and CEO of the National Community Reinvestment Coalition, who tells CNBC.com: “Foreclosures are the mortal enemy to economic recovery. We can keep on pumping money into the system to create liquidity for banks and in the market, but it?s simply not going to succeed until they plug the hole [...]

Source: http://blog.foreclosure.com/2010/11/foreclosures-are-the-mortal-enemy-to-economic-recovery/

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