Housing Slump Hits Charity $, Hikes Need

The housing market bust has punished homebuilders, lenders and investors. Now the homeless and the hungry may be victimized.

Charity executives are nervously monitoring the mortgage debacle while food and energy costs continue to rise. Food banks and homeless shelters are already grappling with reduced federal aid as fears grow that more people will need help just as charity giving starts to decline. Full Story »

Posted by Kaizar Campwala
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Posted by: Posted by Kaizar Campwala - Nov 20, 2007 - 10:30 AM PST
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Linda Raiteri
4.0
by Linda Raiteri - Oct. 1, 2008

The trickle down effect. Irresponsible lenders, in their greed, create foreclosures. The stock market reels. The wealthy reduce charitable contributions. Workers lose jobs. Food banks are empty. Homeless shelters are full. (Charities should appeal directly to Goldman-Sachs for funds. Apparently it is racking up.)

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Kaizar Campwala
3.5
by Kaizar Campwala - Oct. 1, 2008
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