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Russia Today: Foreclosures – Killing middle class dreams

Russia Today | 28 July 2010:

People in Riverside, California have stopped using electricity and other utilities because they can't afford the skyrocketing prices. Banks are taking the homes off of the market and then not putting them into their inventory, making it tougher on the people trying to afford their mortgages. According to our guest George Hemminger, 25% of the people in Riverside are squatting in their own houses.

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