Investment Business Weekly
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Obama for President
Obama Announces Support for Plan to Address Housing Crisis
March 24th, 2008
Senator Obama released the following statement on joining with Senator Chris Dodd to introduce legislation for a new FHA Housing Security Program.
"The subprime lending crisis continues to threaten the American Dream for millions of working families. Over two million households are at risk of foreclosure. The impact on our economy as a whole has been devastating, with a substantial and disturbing deterioration in our job market, housing market, and credit market in recent days. The decline in the housing market has left millions of people with mortgages that are larger than their homes are worth. Many Americans are choosing to walk away from their mortgages, which worsens...
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Source: Investment Business Weekly (2008-03-24)