Speed up foreclosures to fix the housing market? How heartless is that? Many, like Senator Merkley of Oregon, believe that the administration should do more to prevent foreclosures: WASHINGTON — Sen. Jeff Merkley (D-Ore.) sent a letter to President Barack Obama on Tuesday urging him to address the nation’s devastating foreclosure crisis as part of a new plan to create jobs. “We can and should adopt an aggressive strategy to reduce foreclosures nationally,” Merkley wrote. “There are as many as 5 million foreclosures anticipated to come — this is a huge tragedy for individual families but it is also a…
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