February 10, 2012

No ‘magic bullet’ in Obama housing relief plan

No ‘magic bullet’ in Obama housing relief plan

President Barack Obama introduces a sweeping housing plan in Phoenix, Ariz., aimed at keeping millions of Americans from foreclosure. “In the end, all of us are paying a price for this home mortgage crisis,” Obama said. President Obama’s multi-pronged, $75 billion foreclosure relief plan is an acknowledgment that no single solution will stop the ongoing housing meltdown. By John W. Schoen.