Exclusive outtakes from industry leaders
Audio-Road to White House may be paved with foreclosures
For Democrats vying for the U.S. Presidency, the housing crisis offers a chance to put forward a compelling message about the failures of the Bush Administration to regulate the banking and mortgage industry, says a Democratic delegate to the convention, who’s also the Attorney General of Ohio.
Marc Dann told the Reuters Housing Summit he is going after mortgage lenders and banks who structured and resold loans for what he calls “fraud” perpetrated against both investors and home buyers.
He said the eventual Democratic nominee — whether Hillary Clinton or Barack Obama — can tap into voter anger about the housing crisis, and could lay much of the blame at the Republicans’ feet.