The top three are
Florida. 47.8%
Michigan. 38.5%
California. 35.1%
These are staggeringly high numbers. It’s hard to see how the economies of those states will recover any time soon.
Politics in the Zeros
"A republic, if you can keep it."
Politics in the Zeros
"A republic, if you can keep it."
Things are getting worse in a qualitative mode too. More and more the new defaults and people going under water are prime borrowers as opposed to sub-prime.