Knowledge@wharton

Is the cavalry coming to rescue troubled homeowners? Despite soaring foreclosure rates President Bush and other Republicans have not made this a top priority. But this could soon change: President-elect Barak Obama and fellow Democrats say reducing foreclosures is crucial to attacking the financial crisis. As one expert notes: ”The financial sector weaknesses all originate in the housing market. If we don’t solve the housing problem then the weaknesses in the financial sector are going to continue to multiply.” See acast.com/privacy for privacy and opt-out information.