Senate Democratic Leader Malcolm A. Smith Urges
President-Elect Obama to End Christmas Holiday
for Banks, Protect Homeowners from Foreclosure
(New York, NY)- In a letter to President-elect Barack Obama, Senate Democratic Leader Malcolm A. Smith urged President-elect Obama to include greater federal protection for homeowners to stem the tide of the subprime mortgage crisis.
In part, Smith stated, "it is outrageous for banks to be given taxpayer money without the precondition of assisting homeowners in foreclosure." Read on..
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