The Christian Science Monitor

Ten years after banking crisis, Americans still feel ripples

After buying her Brockton, Mass., home in 2005, Shirley Thomas had to work three jobs to make the $3,000 monthly payment. When she was so overworked she had to give up one of the jobs – grocery shopping for the elderly – she began to fall behind on her mortgage payments.

That’s when the foreclosure walls began to close in.

“I couldn’t keep up,” says the African-American grandmother.

Like Ms. Thomas, many Americans went through the wringer of the Great Recession and came out poorer on the other end. A decade later, many still have not made up the lost ground. It wasn’t just the loss of income or

The long tail of a banking panicForeclosures and recovery on Main Street

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