This is a picture of the Ohio Attorney General Marc Dann. He’s on a crusade. See Fortune’s article on who Mr. Dann thinks is partly responsible for the high foreclosure rate in Ohio
The subprime mortgage mess is hitting Ohio hard, in addition to other states. It is a sad story and its going to get sadder. I don’t want to trivialize those who’ve been impacted, but many saw this coming.
This is a vivid object lesson in not learning from the past. I guess we humans like to re-do problems just for the heck of it. Funny how often Wall Street is involved, but that’s another post.
The point remains; if you don’t learn from what screwed you up, you’re bound to do it again. What’s scary now is we commit the sin and bet we’ll get a "second act." In many cases we get a third and a fourth.
Just remember, the clock eventually runs out and you’ll have to live with what lies behind.