I just heard Robert Scheer give a talk to Media Studies at Pomona College today. He discussed this Obama move, which was the subject of his column this week:
He is right both about how terrible and radical this is, and how meekly covered it was in the media. The federal government, whose deregulation and poor enforcement set the stage for the speculation binge that killed the housing market, now no longer wants to do anything to help lower-income Americans become homeowners?!