Hope for Credit Card Companies in the Time of Foreclosures

Recently much attention has been paid to the mortgage industry and its falling grace over the last few years.  Specifically, the government has made a true investment in the companies which own the largest debt in the country.  With the latest +700 billion dollar bail out soon coming to fruition, the government has noticed that there may be a better use of the money than helping to purchase the failing assets of banks across the nation.  What the government has discovered is that given the type of funds that will be available to these banks, it is unknown if help will reach the average consumer. 

 

The governments have decided that with the rise in Foreclosures and the Short Sale of homes, it is believed that the help needed should not go to the mortgage industries but rather to other industries that are showing a great deal of losses in current months.  Industries such as the automotive and manufacturing sides of commerce where the dwindling economy and lack of sales have caused giant companies to collapse.  Foreclosure Help no longer seems like what will occur but rather the help to the entire nation that needs it.