Thursday, May 13, 2010

After Flood, Nashville Faces the Music

From the Wall Street Journal -

"Even before the flood, some folks were in severe financial straits," said David A. Penn, an economics professor at Middle Tennessee State University in Murfreesboro. "With a total loss on a house, with no insurance, combined with a mortgage that's underwater, there's no telling yet how this is going to work out." (full story)