Sub-Prime Crisis in Cleveland
BBC News presented this set of maps in an article on the sub-prime crisis in the US (The US sub-prime crisis in graphics). Cleveland has been particularly hard hit by housing foreclosures, as the maps show, but when “one in ten homes in Cleveland had been repossessed” (as of late 2007) and “Deutsche Bank Trust, acting on behalf of bondholders, was the largest property owner in the city”, you begin to grasp the true horrible scale of the problem and are left wondering if this is the tip of the iceberg.
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