Friday, September 01, 2006

Getting Out in Front

If, as I cautiously predict, we're about to hit a massive foreclosure wave which is going to hit people at just about every income level there is a certain party whose name starts with the letter 'D' which might find it beneficial to start branding themselves as Friends of Homeowners with some smart policy proposals to back them up.

Off the top of my head this could include cracking down on bad lending practices, providing legal assistance to victims of dishonest lending practices, removing impediments to prepayment and refinancing, and, of course, repealing the bankruptcy bill...