DC’s Family Homelessness Crisis

It can be argued that our economic troubles began long before the crisis of 2008. But let’s use that as a starting point anyway as we consider the causes of the family homelessness crisis that has arisen in in Washington, DC. I’d read about the failure of Bear Stearns and how it was purchased by JP Morgan Chase in the spring of 2008. Over the next seven months, I would read about other investment banks whose names I’d either never heard or that just didn’t mean anything to me previously – names such as Goldman Sachs, Lehman Brothers, Merrill Lynch (whose bull-silhouette commercials were etched into my memory during childhood) and Morgan Stanley. But the depth of the crisis didn’t “hit home” for me until mid-October when I read an e-mail announcing a special meeting at DC’s City Hall to address immediate cuts to the Dept. of Human Services budget for FY 2009 with us being two weeks into that fiscal year.

Continue Reading