"Yesterday, President Barack Obama delivered the third in a series of big economic speeches, this one about housing. Despite a remarkable market recovery, things still need fixing: Millions are stuck in underwater mortgages, parts of the country still have vast tracts of blighted and abandoned land, and several cities have supply crunches so severe that only the wealthy can afford to live there. Meanwhile, Fannie Mae and Freddie Mac are still around, under conservatorship, in a state of suspended animation. Obama’s overall plan is a mix of ideas he’s proposed before and failed to get from Congress, things Congress is working on, things he’s already doing through agencies and executive action, and a few new ideas. Here are the main pieces, which are laid out in most detail here."
Posted on: Thu, 08 Aug 2013 15:36:58 +0000
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