White House rejects foreclosure moratorium
The Obama administration rejected calls for a nationwide moratorium on housing foreclosures amid fears that such a move could cripple an already slow recovery of the U.S. housing market.
White House spokesman Robert Gibbs signaled on Tuesday the administration's wariness of backing populist calls to halt evictions, which could undermine efforts to persuade skeptical voters that it rescued the economy from a complete meltdown.
Link:
http://www.rawstory.com/rs/2010/10/white-house-rejects-foreclosure-moratorium/
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