20006503-mmmainHomeowners hardest hit by foreclosure crisis deserve ‘disaster’ relief: Matthew Rossman (Opinion)

 

This is a cleveland.com article.

 

My favorite recent movie is “The Big Short.”  I admire its craftsmanship.  It turns a subject as complex and dense as the origins of the foreclosure crisis into two hours of riveting entertainment, which is no small task.

I am also simply glad to see the story of the foreclosure crisis get the attention it deserves.  As the movie reveals, the crisis was not a naturally occurring adjustment to the housing market, but a once-in-a-generation financial catastrophe.  It had villains – unconscionable financial industry greed, feckless government and rating agency regulation, outright fraud and reckless borrowing.   And it had victims.

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