• ksix commented on the blog post What a Fortunate Fund Raising Coincidence for Obama

    2012-02-09 22:50:42View | Delete

    McClatchy’s story on the foreclosure settlement (which isn’t even the top story – that would be the contraception mandate) doesn’t give a sense of how inadequate it is. There are informative charts & graphs at the top but no real narrative about what they mean and the story is full of quotes like this:

    Consumer advocacy groups applauded the settlement.

    “Despite its limitations, the settlement requires real reforms in the mortgage servicing industry to stop sloppy business practices and out-and-out fraud. It also will help stabilize housing markets and property values by giving more homeowners a chance to restructure or refinance out of unaffordable loans that are underwater,” Michael Calhoun, the head of the Durham, N.C.-based Center for Responsible Lending, said in a statement.

    I think on the perception management front, the Administration is probably doing okay.