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Home > Knowledge at Wharton > The Fairness Issue: How to Cope with the Flood of Foreclosures
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Episode:

The Fairness Issue: How to Cope with the Flood of Foreclosures
Category: Business
Duration: 00:14:53
Publish Date: 2008-11-26 12:34:08
Description: 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.”

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