Siding with the GOP and Wall Street bankers is a unique way of inspiring the base to get out and vote but hey, they're the experts. There's little question about the foreclosure abuse outside in the real world. The White House bubble that we heard so much about during the Bush years seems to be continuing under Obama.
White House senior adviser David Axelrod signaled Sunday that the Obama administration is opposed to a national moratorium on foreclosures, even as pressure from Congress, labor unions and consumer groups mounts for the federal government to take action.
Calling the growing evidence that lenders have used inaccurately prepared and even fraudulent documents to foreclose on homes a "serious problem," Axelrod said it had already "thrown a lot of uncertainty into the housing market that is already fragile."
"I'm not sure about a national moratorium, because there are, in fact, valid foreclosures that probably should go forward, and where the documentation and paperwork is proper," Axelrod said Sunday on CBS' "Face the Nation."
