...he would be sending - right now he would be sending the FBI, the IRS, and any other three-letter agency he could think of, and some kind of Justice Department SWAT team into the mortgage forclosure fray
(...three major banks -- Chase, GMAC Mortgage and Bank of America -- halted certain foreclosures in 23 states to check whether documents in the cases were properly checked....
One major title company, Old Republic National Title Insurance Co., based in Minneapolis, said it will not insure titles for Chase and GMAC until the issue is resolved, according to an Old Republic memo obtained by the New York Times. Old Republic had no comment....
And more, says the Chicago Sun-Times)
because here's a chance to actually do something by helping Main Street and standing up to the big bankers - making himself useful for a change instead of hectoring his erstwhile backers about "bucking up"...
And if the Democrats had any stuff they would be back in Washington right now, today, doing something to correct this...
Little-Noticed Bill Could Make It Harder To Challenge Foreclosures
Challenging foreclosures could become more difficult for homeowners if the president signs a bill that passed through the Senate last week. The little-noticed bill comes at a time when the validity of foreclosure proceedings across the nation have been called into question.
...instead of calling for an "investigation"...
...but he won't and they're not.
Fail.
Later: From Reuters...Obama almost gets it together...
WASHINGTON (Reuters) – President Barack Obama will not sign legislation that could have made it more difficult for homeowners to challenge unjustified foreclosure actions, the White House said on Thursday....
and then...
White House communications director Dan Pfeiffer said Obama was sending the bill back to the House of Representatives for further discussion....
Blah.
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