Foreclosure Fiasco-Mission not accomplished on mortgage crisis
June 25, 2009
“It’s not working. The Bush-Obama strategy of throwing trillions at the banks to solve the mortgage crisis is a huge bust. The financial moguls, while tickled pink to have $1.25 trillion in toxic assets covered by the feds, along with hundreds of billions in direct handouts, are not using that money to turn around the free fall in housing foreclosures. … Aside from a tight mortgage market, the problem in preventing foreclosures has to do with homeowners losing their jobs. Here again the admini
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