I am sure everyone knows how I feel about the bailout/stimulus.

If not, I personally think it is the largest bank robbery in history, and it is being executed openly, in front of large audience and backed by the Government.

To me, the numbers just don't add up.  

So, I thought I would do a little checking for foreclosure rates.

This is the most recent I could find.
http://www.realtytrac.com/foreclosure/foreclosure-rates.html

The worst states, by the way, I am picking the WORST counties in the worst States.

Neveda  1 out of 63 housing units
California 1 out of 58 housing units
Arizona 1 out of 132 housing units
Florida 1 out of 80
Oregon 1 out of 158 housing units
Illinois 1 out of 148 
Michigan 1 out of 249
Georgia 1 out of 144

These are the WORST counties in the worst states... I could not find an average for the whole state. 

I am hoping that somebody knows where the current rates are kept.
I am also hoping that somebody can explain to me what is wrong with these charts

What am I missing PLEASE???

The worst county in the US 1 out of 58, or 1.724%

Has anyone ever looked at their mortgage payment?  How much goes to principal?  Even if we too the worst case senerio, the banks would have to eat a 1.724% loss.

Hawaii is ranked 30th with the worst counties being 1 out of 832.  Which means there are 20 states that are much better than Hawaii.

So clearly the 1.724% is obscenely high.

This is not counting the monies they would receive from the homes they sell.  So lets assume the banks sold the properties at 50cents on the dollar, their loss is less than one percent.

Somebody has some splaing to do.

-Craig

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