Foreclosure breeds foreclosure. This is sometimes called the contagion effect. As home values fall and homes fall into disrepair, today's foreclosures inextricably set up those which will occur tomorrow.
I get it. People are angry at Goldman Sachs. But anger, particularly when misplaced, is not going to bring the economy back. Instead, how about we focus on making some money? Let's buy some stocks and enjoy the holidays.