Obama Considers Becoming a Slumlord for Foreclosed Homes

One proposal winning support among some federal officials would sell thousands of foreclosed federal properties to private investors who agree to rent them. Investors would rehab homes, run the leasing process, and contract with national property management firms to handle day-to-day tenant demands. The housing market has been struck by a troubling phenomenon: Shock: Obama admits US headed for a mega depression. Canadian real estate taking drastic downturn. Obama's mortgage loan effort caused more harm than good. Utah considers return to Gold and silver coins, amid failure of the US dollar. Irish EU bailout spooks bank holders, banks lose 17 percent deposits amid bank run!