Little Hoover's Hope Now Alliance looks set to be unmasked as miserable foot dragging, misdirection, and ideological backwater.
No stone shall remain unturned - it's very unlikely all these homes can have been 'speculation':
Quote for the Day:
...the most recent report from the State Foreclosure Working Group of Attorneys General and Banking Commissioners (which covers 13 servicers, 57% of the subprime market, and 4.6 million subprime loans) confirms that progress in stopping foreclosures is “profoundly disappointing.”9 Their data indicate that nearly eight out of ten seriously delinquent homeowners are not on track for any loss mitigation outcome, up from seven out of ten from their last report.
- 11/13, Martin D. Eakes, Center for Responsible Lending
- 11/13, Martin D. Eakes, Center for Responsible Lending
FECKLESS LEADERSHIP, ARMCHAIR OUTRAGE
I've seen no reports that the lame duck Senate Leadership (Chris Dodd?) are willing to send a bill up to Bush to put a moratorium on foreclosures for at least the same amount of time that Little Hoover's Treasury Secretary continues to "examine" the foreclosure problem (his own words) ...
Who cares if it gets vetoed? Sometimes, you have to take a stand, without delay.
