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Obama readies steps to fight foreclosures, particularly for unemployed - washingtonpost.com

The Obama administration plans to overhaul how it is tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are unemployed, senior officials said Thursday.
via washingtonpost.com

What gives The One the right to tell private business to nullify legal contracts and essentially give money away???

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