WHERE HAVE ALL THE MORTGAGES GONE? Long Time Passing...

A grove of aspen trees share a common root system. If the root system is weakened, how long can the tree community survive, much less begin to grow again? I just heard about the massive assistance being given to huge banking companies like AIG, Fannie Mae and Freddie Mac. I just heard the news of how banks worldwide are now pumping money back into the economy like a huge wave--- of over 200 billion. Evidently, the fear in the economy is contagious and has now spread throughout the world. But, what about mortgages? What about this infrastructure close to the root system that supports the bigger branches of the economy? Is this a right move in the wrong direction? If HOMEOWNERS can't be helped, how can the system strengthen its roots and restore balance overall? Is this a right answer for the wrong problem?? It seems that, until home sales can begin to turn around, the branches of banks, insurance companies and brokerage firms will not find any leverage or begin to recover. If the root system is weakening and dissolving, how will anything that stems from it remain in place or GROW again?

Where have all the mortgages gone? Long time Passing. Where have all the mortgages gone? So long ago... Where have all the mortgages gone? Gone to Foreclosure, Every One. When will they ever learn? When will they ever learn?

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© Copyright of photo* and content, 2008. Mara Hawks, All Rights Reserved

*photo taken in Georgetown, CO, where I once lived