Thomas Ramey Watson

Why Efforts to Stem Foreclosures Are Failing

  • From Lita Epstein’s  article: 
    Unless the Obama administration figures out some combination of programs that will meet

    the goal of preventing more foreclosures, t here

    is little hope that housing prices will stabilize.

    That means even more homeowners will find themselves underwater and

    more will be tempted to walk away from huge loses. If banks don’t want to help, it’s time to spend bailout money

    to help Main Street rather than Wall


    I agree.  I figure most of us do. We’re sick of helping the power brokers who have taken over the major institutions of our country and keep figuring out ways to defy reforms.

    Read the article by clicking here.

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