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Should Obama be worried that foreclosures during April are UP 32% from last year?

Water Over Gold asked:
Seems like this whole house of cards is coming down soon enough.
http://finance.yahoo.com/news/RealtyTrac-April-foreclosures-apf-15225719.html
The number of U.S. households faced with losing their homes to foreclosure jumped 32 percent in April compared with the same month last year, with Nevada, Florida and California showing the highest rates, according to data released Wednesday. Ohio was [...]

Why aren’t the true culprits of the financial crisis being blamed?

Charles K asked:
If I get myself a loan I can’t afford, say – a mortgage – how is it some “fat cat Wall Street” guy’s fault my house was foreclosed on? If I get a car I can’t afford, how is the repossession anyone’s fault but my own for biting off more than [...]

Why does 0bama want to stop foreclosures? I mean, if you cant pay, you lose your home. ?

evil is good asked:
Why does he not believe in personal responsibility?
1) personal responsibility to pay your debt
2) personal responsibility to buy a home you can afford
3) personal responsibility to read loan documents and not sign on
something you dont understand?
Now if the Mortgage Banker commited fraud, i.e signed the papers themselves, then they should go [...]

Why did Republicans try to stop Chris Dodd from fixing the sub-prime loan problem?

gitrdoneobama asked:
Source: Business Week Online
In early 2007, as overextended borrowers began to default on too-good-to-be-true subprime mortgages, housing experts sounded an alarm heard throughout Washington. Christopher Dodd (D-Conn.), chairman of the Senate Banking Committee, wanted to push a bill requiring banks to modify loans whose enticingly low “teaser” interest rates soon give way to [...]

Obama’s ACORN Anti-Foreclosure Campaign Escalates to Include Civil Disobedience?

LIreadNES asked:
ACORN are telling people who are being foreclosed is to stay in their homes and risk arrest rather than comply with eviction orders
http://www.huffingtonpost.com/bertha-lewis/stop-foreclosures-now-aco_b_161365.html
http://socialistworker.org/2009/02/05/taking-on-foreclosures
stop repossession online

Wow, this will shift the tide won’t it? to stop foreclosures I mean?

ron j asked:
now that pets are shown to be shown to be victims as well, I am sure this whole matter will have greater societal priority.
http://news.yahoo.com/s/ap/20080129/ap_on_re_us/foreclosure_pets
repossessions stopped

If the housing crisis is the fault of crooked mortgage lenders and stupid homeowners?

jesswzmn asked:
Then why is there a car repossession crisis as well?
notice repossession