Skip to comments.COLE: Daley's Third Way path to Third World
Posted on 01/18/2011 7:06:12 PM PST by rebel_yell2
Earlier this month, President Obama announced William Daley (brother of Chicago Mayor Richard Daley and former executive at JP Morgan Chase) as his new chief of staff, replacing Chicago mayoral candidate Rahm Emanuel. Less well known is the fact that Mr. Daley was a member of the board of trustees for Third Way, which bills itself as an "influential think-tank that creates and advances moderate policy and political ideas."
Therefore, last week's release by Third Way of a domestic policy memo outlining a plan for "Fixing Foreclosure-gate" may well be a trial balloon for the Obama administration's next set of policies for dealing with the ongoing housing crisis. We can only hope that it won't be any worse than the administration's ongoing, miserable failure known as the Home Affordable Modification Program, or HAMP.
Unfortunately, our hopes would be in vain, because this memo outlines a federal power grab, taking precedence over 400 years of well-settled real-property case law.
(Excerpt) Read more at washingtontimes.com ...
What’s 400 years of well-settled real-property case law to a socialist? A trivial inconvience.
Oh that takes me back