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Arianna Huffington

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Arianna Huffington: It's Time to Treat America's Homeowners as Well as We've Been Treating Wall Street's Bankers

On Wednesday, the president will unveil his foreclosure relief plan. Which is a very good thing, because if you were to make a pie chart showing the amount of attention given to the banking part of the financial crisis -- both by the government and by the media -- and the amount of attention given to the foreclosure part, the catastrophe being faced by millions of American homeowners would barely rate a sliver. But we are facing nothing less than a national emergency, with 10,000 Americans going into foreclosure every day and 2.3 million homeowners having faced foreclosure proceedings in 2008. "The banks are too big to fail" has been the mantra we've been hearing since September. But when you consider the millions of American homeowners facing foreclosure, aren't they also too big to be allowed to fail?

 

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