If ever we had (and these days it's past tense, sadly) a president who had the ability to grab a microphone and speak, it was Obama. Somehow I have a very hard time listening to the excuses here that they had no choice but to go along with this. If this president and his wonder team could not figure out how to take such an issue to the public and push the banks into both stopping fake foreclosures and also forcing the banks to go along with other programs, then we have some serious problems.
Who really thinks the public would not be receptive to shoving the banks in the right direction? Maybe the White House brain trust never heard of the bully pulpit. Either that or there wasn't any desire to change an obvious wrong. It's unfortunate that there doesn't seem to be any issue worthy enough for the White House to dig in for a fight. It's not easy being enthusiastic as a voter when thhose who promoted change keep staying the course.
Washington Post:
Consumer advocates and lawyers warned federal officials in recent years that the U.S. foreclosure system was designed to seize people's homes as fast as possible, often without regard to the rights of homeowners.
In recent days, amid reports that major lenders have used improper procedures and fraudulent paperwork to seize properties, some Obama administration officials have acknowledged they had been aware of flaws in how the mortgage industry pursues foreclosures.
But the officials said they could take only limited action to address the danger. In part, this was because they wanted lenders' help carrying out federal programs to modify mortgages that had fallen into default or were poised to do so.
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