12/1/09: Obama Attacks Mortgage Companies
With the left-leaning Huffington Post declaring his foreclosure-prevention plan a failure, President Obama has opened up yet another front in his war on American businesses. His new target: mortgage companies.
Its signature foreclosure-prevention plan having definitively failed to actually help very many homeowners, the Obama administration today announced its new strategy to get balky lenders to the table: Nagging.
The U.S. government will start to publicly identify those companies that are failing to give troubled homeowners permanent loan modifications, and hound them daily to monitor their progress, the Treasury Department declared.
Source: Huffington Post
Although the term "nagging" probably isn't an officially endorsed method of Saul Alinsky, this could be considered a new twist on a favorite Alinsky/Obama tactic.
Read the official statement from FinancialStability.gov HERE
