Whoa! You have to read this article-
Lets get one thing perfectly clear. We know Congress is corrupt. AND Obama as President, CEO has the power to pretty much do anything he knows is right to protect the people after piling their life savings into their worthless properties and now drowning in debt because of the banks fraud. Obama cannot blame anyone but himself for this failure.
Watching banks destroy ones wealth in Real Estate is not part of his job description as he failed to do so.
WaPO-
One year and one month before President Obama won reelection, he invited seven of the world’s top economists to a private meeting in the Oval Office to hear their advice on what do to fix the ailing economy. “I’m not asking you to consider the political feasibility of things,” he told them in the previously unreported meeting.
There was a former Federal Reserve vice chairman, a Nobel laureate, one of the world’s foremost experts on financial crises and the chief economist of the International Monetary Fund , among others. Nearly all said Obama should introduce a much bigger plan to forgive part of the mortgage debt owed by millions of homeowners who are underwater on their properties.
Obama was reserved in response, but Treasury Secretary Timothy F. Geithner interjected that he didn’t think anything of such ambition was possible. “How do we get this done through Congress?” he asked. “What could we actually do that we haven’t done?”