WASHINGTON -- President Barack Obama defended his administration's beleaguered foreclosure-prevention initiatives on Wednesday by arguing that more aggressive steps to assist homeowners might help people who don't deserve to be helped.
Asked if his administration had done enough to stem the foreclosure crisis, Obama opted not to address the foreclosure fraud scandal that has forced banks to temporarily halt home repossessions across the country. Instead, he claimed that the government's efforts had stabilized the housing market, and argued that the "biggest challenge" was to make sure speculators and deadbeats didn't take advantage of the government's help.
YOU LIE OBAMA. You can't claim ignorance, you are part of the fraud perpetrated on the american people if you don't push for prosecution of the fraudulent banks, read BofA, JPMorgan,etc.