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Subprime swing: Politicians seek answers to US housing crisis

By Stephanie Kirchgaessner

Published: January 15 2008 19:34 | Last updated: January 15 2008 19:34

It Cuts Both ways

When Sister Barbara Busch began a community outreach programme in 1978 that taught financial literacy, it was aimed at helping families and increasing home ownership among residents in her working-class Cincinnati community. Now, the nun says, that work has been transformed into home “preservation” – the difficult task of trying to keep people in their homes following a sharp spike in foreclosures in the suburbs of the Ohio city.

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