Obama On The Foreclosure Crisis

President-elect Barack Obama said in an interview Sunday on ABC’s “This Week” that the government hasn’t done enough to prevent foreclosures.

“I think that when you look at how we have handled the home foreclosure situation and whether we’ve done enough in terms of helping families on the ground who may have lost their homes because they lost their jobs or because they got sick, we haven’t done enough there,” he said.

Meanwhile, Sen. Majority Leader Harry Reid said Sunday that Bush and Obama officials are near agreement on how the remaining $350 billion financial bailout funds should be used.

During the television interview, Obama said he had asked his economic team to develop a plan that would ensure greater openness about how the money is spent.

Source: The Associated Press, Philip Elliott

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