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Swing states are the most bankrupt. Florida and Ohio, the sites of 2000 and 2004 electoral shenanigans, are feeling foreclosure pain more than most other states (Investment News):

Foreclosure filings across the nation jumped 9% between June and July and rose precipitously by 93% compared to the same period last year.

There were 179,599 foreclosures last month, according to RealtyTrac, a marketplace for foreclosed properties — one filing for every 693 households.

Some 43 states reported year-over-year increases in foreclosures, with Nevada leading the way: one filing for every 199 households. [...]

California, Florida and Ohio, along with Michigan and Georgia, made up nearly half of the total foreclosure filings.

In the last nine months, about 120 mortgage lenders have shut or declared bankruptcy. Naturally this does not account for the tens or even hundreds of thousands of personal bankruptcies yet to appear from the subprime credit mess — an unforced catastrophic error that was generated by managerial hubris and a power structure out of control. (Sound familiar?)

The GOP's beloved Ownership Society has become its own bastard child: the Bankruptcy Society.

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