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i <br /> Foreclosures in the United States 2Q 2008 <br /> i <br /> f <br /> Mortgage Getting Worse 275, 3.82 <br /> Bankers Percentage of all mortgage loans on <br /> one-to four-family homes in the foreclosure National average:2.75% <br /> Association process at the end of the second quarter. <br /> .. <br /> report on r <br /> foreclosures in ! - — <br /> the second - R.I. <br /> 4.r 1 <br /> quarter of 2008 r <br /> across the USA - - � <br /> 7 <br /> te r'^•--,� _j - HIGH <br /> \\�- Fla:6.M <br /> }i a� <br /> rr Swr<a;MEAS reatwoar <br /> -^'"' tri DQINwUMCY SV/'/!Y <br /> Public Sector AdvisorsSpringsted <br /> It Could be Worse — An Historic Example <br /> • Winter 1863—Confederate States of America is winning <br /> battles, but suffering economically <br /> • CSA is striving for diplomatic recognition by Europe <br /> • Union forces blockade Southern ports, reducing cotton <br /> exports, damaging the economies of both the CSA and <br /> Europe (esp. England and France) <br /> • CSA desperately needs a loan to continue the war effort, <br /> purchase supplies, pay for ships being constructed in <br /> Europe <br /> s�et_� E- Springsted <br />