Almost 1 Million Homes Lost to Foreclosure Since 2007

RealtyTrac reported today that more than 85,000 homes were added to the foreclosure list in October, bringing the total homes lost to foreclosure since August of 2007 to 936,439. Why did it take this long for Hank Paulson and Ben Bernanke to finally offer real help? Again, I believe that Hank and Ben were clueless to the real cause of the crisis so consequently they could not offer a proper solution. Or maybe is they stemmed the bleeding at the mortgage level, their friends on Wall Street would not have been able to get any money and would have to watch their “cash cows” die.