Whew! Taken long enough, hasn't it! But finally the White House is addressing one of the biggest drags on our economy and -- more important -- on the lives of so many people.
The Obama administration has signaled to allies that it will take a more aggressive role this year in protecting homeowners from foreclosure, a posture that fits with Obama’s populist campaign stance. ...The Hill
As the report acknowledges, Congressional Democrats have been urging the president to do something about foreclosures and -- The Hill rightly reports -- the administration's response works politically.
The message has sunk in.
“There’s an understanding now in the administration that there needs to be a comprehensive strategy to diminish the foreclosure rate and clean up the housing problem,” said Rep. Barney Frank (Mass.), ranking Democrat on the Financial Services Committee, which has jurisdiction over the mortgage giants Fannie Mae and Freddie Mac.
Frank said the economy is showing good movement but argues to achieve a full recovery the administration needs to do something comprehensive on housing. ...The Hill
