Ohio Treasurer Richard Cordray today joined Governor Ted Strickland and Department of Commerce Director Kimberly Zurz in announcing that nine mortgage loan servicers agreed to sign a “Compact to Help Ohioans Preserve Homeownership.” This begs the question, however, of whether this is nothing more than sound and fury, signifying nothing.
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We’ve seen the Senate punk on bankruptcy reform that would actually help consumers and the economy, we’ve seen the President’s largely useless, fox-in-charge-of-the-henhouse Hope Now program. This week the House takes up the foreclosure crisis and its affect on the economy at large.
The House is expected to craft its own bill and [...]