Add It to the List: Foreclosure Crisis Being Mishandled

From Bloomberg.net - by Kevin Hassett - The foreclosure crisis that seems on the brink of spinning out of control may be the decisive nudge that pushes the U.S. into a double-dip recession. Banks that have only just begun to recover from the worst financial crisis since the Great Depression are about to find themselves in straitjackets. As was the case during the aftermath to Hurricane Katrina, Washington seems not up to the task. Instead of facing the problem head-on, President Barack Obama has mostly deferred to state attorneys general. This is a terrible time for Obama to finally discover the virtue of federal restraint. Read more here:



Add It to the List: Foreclosure Crisis Being Mishandled