- Man shot by police ID'd; witness shares his side of story (2/17/17)31
- MSHP: McLendon shot in side; autopsy refutes witness account (2/19/17)23
- Apparent punch at girls basketball game propels lawmaker into action (2/21/17)4
- Cape officer shoots man inside a home (2/16/17)7
- Business notebook: Owners ready to roll out the Barrel 131 (2/20/17)6
- Former Cape cop indicted on possessing child porn (2/17/17)2
- Man dies after being shot by officer; said to have come at cop with knife (2/16/17)29
- Missouri bill would limit transgender school bathroom access (2/22/17)47
- Annual father-daughter dance provides some fun bonding time (2/19/17)1
- Cape businessman known for starting NARS dies at 49 (2/23/17)9
One of the biggest news stories of 2007 was about home mortgages. Much of the blame for this economic crisis has been placed on lenders willing to make easy loans in a booming housing market. Some the blame, however, needs to be placed on borrowers who still don't understand the "no free lunch" school of economics.
Economists are reluctant to say officially that today's financial situation is a recession, but for thousands of Americans who thought they "owned" their over-mortgaged homes, the future is even bleaker than a recession. They will lose those houses and likely everything they've invested in them.
Buyers who take on huge financial responsibilities without taking stock of what easy credit can do to them have set themselves up for disaster.