08/13/2012 09:02 am ET Updated Oct 13, 2012

Joe Stiglitz: There's One Main Roadblock To A U.S. Recovery

MORE than four million Americans have lost their homes since the housing bubble began bursting six years ago. An additional 3.5 million homeowners are in the foreclosure process or are so delinquent on payments that they will be soon. With 13.5 million homeowners underwater -- they owe more than their home is now worth -- the odds are high that many millions more will lose their homes.

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