Wednesday, February 18, 2009

Obama Rolls Out Foreclosure Plan

Let's hope it works, as this is a key sector of the economic downturn that has been generally ignored until now. What I find interesting is that Obama is trying to avoid the "bailout" label on this program by providing strict limits on who could get their mortgages refinanced, thus avoiding giveaways to those who made risky investments. A technocratic solution to a tough problem.

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