Dropping Bombs

Summary


If only someone would have delivered such a blockbuster on the topic of the real estate bubble before it burst, sending economic shockwaves throughout the world. In fact, some folks did, but they were drowned out by the sound of financiers printing money in the form of dubious financial instruments based on faulty mortgages. We in the Madison area were not spared, as demonstrated in our real estate package this week. In "The Hurt Is On," contributor Rick Berg describes the tightening of the local housing market and its effect on home values. Mary Ellen Bell offers "Help Out of the Subprime Crisis," about agencies that are working with those trapped in onerous mortgages.

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Extract


Dropping Bombs

Last week Isthmus delivered a bomb to the local news cycle when we reported that Brittney Zimmermann had phoned the 911 Call ...

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