Steve Cohen's Greenwich estate might be expanding, but things aren't looking quite as rosy for most residents of the tony suburb. According to a new report, the number of foreclosures increased by 42 percent between January and the end of November. Not that the greatest economic decline since the Great Depression is sinking in much: Local real estate agents claim "there was little empirical evidence to show a direct link between Wall Street's woes and new mortgage defaults." [Greenwich Time]
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