Eight States Brought Down the Republic

Here are the eight states partly responsible for the housing crisis and also for one of the worst economic downturns in our country's history. What this shows is just how much leverage banks put into these foreclosed assets. Check it: 42 states are below the national foreclosure average. As Ezra Klein posts, "The whole country might as well have been the Golden State given that Citibank would bet $56 dollars on every buck of California mortgages." Incroyable!