Home Rescue Plan Delaying, Not Solving Crisis

First Posted: 03/18/10 06:12 AM ET Updated: 05/25/11 03:20 PM ET

React

Inspiring
Greedy
Typical
Scary
Outrageous
Amazing
Innovative
Infuriating

Housing Crisis , Housing , Recession , Making Home Affordable Program , Home Affordable Modification , Home Rescue , Home Rescue Plan , Rescue Plan , Business News

share this story

Get Business Alerts

Submit this story

Within weeks of taking office, U.S. President Barack Obama rode to the rescue of homeowners resigned to financial ruin.

Obama, grappling with the worst U.S. housing crisis since the Great Depression, pledged to help as many as 9 million families keep their homes by reworking their mortgages.

Read the whole story: Reuters

FOLLOW HUFFPOST BUSINESS

Facebook:

32k

Twitter:

Get Alerts

CONTRIBUTE

TO THIS STORY

Related News On Huffington Post:

Read more from Huffington Post bloggers:

Arianna Huffington: Lack of Legal Help: One More Way the Deck Is Stacked Against Homeowners

As bad as America's foreclosure crisis is -- and it's very bad, with over 300,000 homes receiving a foreclosure filing every month -- it's being made even more devastating by the lack of legal assistance available to beleaguered homeowners. READ MORE More HuffPost Game Changers: Politics and Style Announcing My First Pick for the HuffPost Book Club: In Praise of Slowness Attention Fellow Book Lovers: HuffPost's New Books Section Is Here WATCH: Arianna Discusses Race Relations, Letterman Scandal On Joy Behar Show

Esther Iverem: Bombing Capitalism

On a throwback vibe, you could say that Capitalism: A Love Story is the bomb. By exploring the economic system of capitalism as an evil, Moore fires a salvo into the heart of America's social machine.

Around the Web:

Home rescue plan guidelines released - The Oval: Tracking the ...