A few days before Congress passed its Housing Bill, Carlene
Balderrama of Taunton MA found her own solution to the housing crisis. Just a
little over two hours in advance of the time her mortgage company, PHH Mortgage
Corporation -- may its name live in infamy -- was to auction off her home,
Balderrama killed herself with her husband's rifle.
This is not the kind of response to hard times that James
Grant had in mind when he wrote his July...
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