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Real Estate Nabs Lead Role

"This market is clearly broken, and if we don't fix it, it could threaten our entire housing market, which in turn would threaten our entire economy." Hillary Clinton speaking yesterday in Washington, D.C., and yes, our cracked out mortgage market officially becomes a major election issue. Perhaps there's even a movie tie-in. "The threat of foreclosures has rich ingredients for political theater," according to LA Times, citing one claim that 3 million Americans could lose their homes due to defaults and foreclosures in the next few months.

Bonus metaphor alert: "As this crisis worsens, mortgage tsunamis will ravage working-class neighborhoods across the country," warned John Taylor, president of the National Community Reinvestment Coalition. Head upland, everyone!
· Clinton: Industry 'clearly broken' [LA Times]