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Segregated neighborhoods just made it too easy to engage large numbers of people in this devastating scheme and this multiplied the effect of the crisis.
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MARKET OVERVIEW The financial crisis thinned the ranks of foreign buyers in Jamaica, while fraudulent investment schemes devastated those seeking to buy locally, said Deborah Cumming, the managing director of Century 21 Heave-Ho Properties.
Perhaps nowhere is this more evident than here in Florida, where Wall Street's heinous financial schemes devastated families from the Panhandle to the Keys, and the housing market that had pumped money through the state like a fire hose collapsed suddenly.
The sheer stylistic exuberance with which he puts forward character is often in devastating contrast to the pointless, calamitous schemes in which they are caught up.
Despite devastating cuts to the government's support for mortgage interest (SMI) scheme, it is still helping hundreds of thousands of struggling homeowners to stay afloat.
The news you're anxiously awaiting may be momentarily disappointing, but in the grand scheme, it won't come close to qualifying as devastating or tragic.
Albania's economic transition stumbled in 1997 when individual investors, constituting perhaps one-third of the country's population, fell prey to a pyramid finance scheme that devastated the national economy and led to weeks of anarchy.
Adding insult to injury, the GOP is also hatching an appalling scheme to devastate America's seniors and families with $1.4 trillion in Medicaid cuts.
If the pension scheme is utterly broke, it is not just because of greedy Greeks.This devastating academic study details how many Greek state bodies failed to make the correct contributions for their employees, in some cases for years.
For those of us in the "boom" regions who actually want to live in our houses, rather than use them as one more get-rich-quick scheme or a means of getting further into debt, the effects can be devastating.
"Such a scheme would help people regain control of their finances and stop temporary setbacks turning into long-term, devastating debt problems".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com