And how's that working out so far?

Government had been warned for months about troubles in mortgage servicer industry

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.

Obama has "come through on the foreclosure issue," writes Mike Lux at HuffPo, but no. What Obama has done with his bank-shot veto is the very, absolute least he could do without actually making the foreclosure issue worse, and nothing at all to remedy the situation. Meanwhile the banks are playing for time by suspending some foreclosures for a little while because dude, who remembers BP? (B what? Yeah. That's what I mean.) It'll all blow over, and then we'll be back to business as usual. And meanwhile, the bankers can always buy themselves a few more congressmen next month. Early next month. 

Kissing up to the bankers won't help.