Markets are going insane -- insanity does not interest me. For that matter for anyone. For that very reason, I never took recreational drugs.
May US Foreclosures 3rd Highest Month on Record
By: Reuters | 11 Jun 2009 | 04:15 AM ET
U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
Foreclosure filings dipped 6 percent in the month but increased 18 percent from May 2008, marking the third highest month on record.
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