New Jersey is not ground zero for the national foreclosure crisis — and still the foreclosure rate in the Garden State is up 140 percent over the last three months. Congress has acted, passing a bailout bill that will enhance regulation and provide money for lenders and borrowers. The question is whether it will be enough to slow the downward spiral and keep the economy from completely melting down.
Author: hankkalet
Hank Kalet is a poet and freelance journalist. He is the economic needs reporter for NJ Spotlight, teaches journalism at Rutgers University and writing at Middlesex County College and Brookdale Community College. He writes a semi-monthly column for the Progressive Populist. He is a lifelong fan of the New York Mets and New York Knicks, drinks too much coffee and attends as many Bruce Springsteen concerts as his meager finances will allow. He lives in South Brunswick with his wife Annie.
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Hank Kalet 