Scenes From The Recession

Here's one out of California:

Thousands of homeowners lined up outside the Los Angeles Convention Center on Thursday with pay stubs, mortgage documents, credit reports and letters from their lenders. They came from throughout the region hoping to get better terms on their mortgages in what was billed as a free, five-day, around-the-clock mortgage modification bonanza, with hundreds of counselors and scores of bank representatives in attendance.

Put on by the Boston-based nonprofit Neighborhood Assistance Corp. of America, the event was a stark reminder that a weak economy, high jobless rate and precipitous drop in home prices still threaten to put massive numbers of people out of their homes. The group expects about 30,000 people to attend the event that will end at 8 p.m. Monday.