Obama’s Foreclosure Inaction Risks Katrina Redux: Kevin Hassett

The foreclosure crisis that seems on the brink of spinning out of control may be the decisive nudge that pushes the U.S. into a double-dip recession. Banks that have only just begun to recover from the worst financial crisis since the Great Depression are about to find themselves in straitjackets.

http://www.businessweek.com/news/2010-10-17/obama-s-foreclosure-inaction-risks-katrina-redux-kevin-hassett.html

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