High Risk Mortgages Become Toxic Mess

From The Washinton Post:

When Linda Scranton refinanced her mortgages on five separate houses over two years ago, she assumed the smaller monthly payments could assist her in saving more money for retirement.

Instead, the Lakeberg, California, dermatologist soon found herself sinking in financial quicksand amidst widening mortgage issues that are yanking down home prices and preparing to drag the U.S. economy into a new recession.

Yet the financial quicksand soon became real quicksand as her debt took physical shape. "She literally started to be pulled into the ground by what I can only describe as anti-money," her sister told reporters Monday. "I mean, her entire home was kind of sucked down into a huge pit of not just nothingness, but kinda like the opposite of somethingness."

Though Linda is sitting at the bottom of an enormous well made of a new economic matter, she is certainly not alone. Down there, thousands of families sit wondering how this tragedy happened in the first place.

Meanwhile, the homes surrounding those like Linda's are feeling the burn as well. Corrosive monetary acids and interest rate gases spill out from the pit and destroy anything within a mile radius.

The debt is killing wildlife and eroding homes into piles of unusable bills. The areas have been evacuated, and anyone in debt has been either rounded up or quarantined.

Though perhaps unrelated, just outside the evacuation zones in many states, factories are reportedly appearing on the horizon, smoke billowing from them, unknown and unmarked.