“While predatory lenders were driving low-income families into financial ruin, 10 of the country’s largest mortgage lenders were spending more than $185m (€136m, £92m) lobbying Washington to let them get away with it,” wrote Barack Obama.
Sounds like Obama is going to make mortgages a campaign issue. I still don't understand what his proposed solution is to the current mortgage crunch, but it is a hot topic for many families.
Smart timing on Barack's part... since the latest surveys show that home prices are falling like a rock and more and more families are struggling with housing. We'll see what Barack can come up with...
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