Wow, Twin States. Nevada has the highest mortgage foreclosure rate. Rhode Island the highest jobless rate at 9.3 percent (some saying it will be at 10 percent shortly). Any other contenders out there? Tell us about your state.
Wait a minute: This JUST IN. Michigan has just, as of last week, surpassed Rhode Island at 9.6 percent. This is a race to see how fast we can sit on our asses and watch TV all day! Ready, set, go!
http://money.cnn.com/pf/features/lists/state_unemployment/
December 16, 2008:
Clark County, NV—Ground Zero of the Housing and Financial Crises
WASHINGTON, D.C.—Today, the Congressional Oversight Panel held its first field hearing in Clark County, Nevada, the center of the housing and financial crises that have buffeted the country during the past year. Data released last week showed that Nevada has been the state with the highest foreclosure rate for 23 straight months. Clark County has been the center of the foreclosure crisis in the state, with an expected 30,000 foreclosures in Clark County in 2008, an increase of nearly 300% from last year.
Document:
Questions about the $700 Billion Bailout
cop.senate.gov
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