Pictured: The credit crunch tent city which has returned to haunt America | WHAT REALLY HAPPENED


Pictured: The credit crunch tent city which has returned to haunt America

A century and a half ago it was at the centre of the Californian gold rush, with hopeful prospectors pitching their tents along the banks of the American River.
Today, tents are once again springing up in the city of Sacramento. But this time it is for people with no hope and no prospects.
With America's economy in freefall and its housing market in crisis, California's state capital has become home to a tented city for the dispossessed.

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