Word: detroits
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...worth less than you owe on it, you can pretty much forget about refinancing or selling, the old get-out-of-jail-free cards when you could no longer make your payments. So maybe we should be most worried about the 50% of homes that are underwater in the Detroit area. Or - odd as it may sound - Rhode Island, where the unemployment rate, at 10%, is second only to Michigan, and where 15.7% of mortgage holders are underwater, up from 12.1% in September. (See pictures of the recession...
...thought it was making was that Ford will introduce the new Fusion model during American Idol. It tells Ford's shareholders how out of touch the company's CEO Alan Mulally is. He can be forgiven. He used to work for Boeing (BA). (See pictures of the remains of Detroit...
...pictures of the remains of Detroit...
...photos from the 2009 Detroit Auto Show...
...know, big chunks of the sky have begun to fall," Carr said, ticking off a national map of newspaper despair: Seattle, Denver, Detroit, Minneapolis, Philadelphia...