American News Project: Pain on Main Street

As lawmakers regroup after the $700 billion-taxpayer bailout went down in defeat, the foreclosure machine continues to crush homeowners caught in the mortgage crisis. Wall Street’s precarious balance sheet has obscured the financial tailspin on Main Street. For homeowners on the verge of foreclosure, there is no significant relief in sight. The American News Project reports on the ongoing housing crisis and its impact on the economy.