September 10, 2009

ISN'T THAT WHAT "BARACK" MEANS IN SWAHILI?:

Leading Dem Says Obama Housing Plan 'Has Failed Miserably' (MATTHEW JAFFE, Sept. 9, 2009 , ABC NEWS)

This morning, the Treasury Department announced that the program had helped 360,165 homeowners reduce their mortgage payments. However, that is only 16 more homes than received new foreclosure filings during the month of July, according to RealtyTrac.

In response to the new data, Senate Majority Whip Dick Durbin said, "Waiting for banks to 'volunteer' to end this foreclosure crisis is a waste of time. Treasury's latest report shows this approach has failed miserably."

Posted by Orrin Judd at September 10, 2009 5:18 AM
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