In the midst of all this back and forth, some real work gets done:

http://www.dailykos.com/storyonly/2008/3/13/175930/556/888/476095


Meanwhile Obama Joins Dodd to Fix the Housing Mess by kubla000

Thu Mar 13, 2008 at 03:07:04 PM PDT

A nice little distraction from the daily give and take and give and take...

Obama joins his ally and endorser Sen Chris Dodd on a plan to Fix the Housting Mess...

It is past time for the federal government to take direct and decisive action. To provide immediate relief, I am proud to join with Chris Dodd – the Chairman of the Senate Banking Committee – to introduce legislation creating a new FHA Housing Security Program, which will provide meaningful incentives for lenders to buy or refinance existing mortgages, and to convert them into stable 30-year fixed mortgages so that homeowners facing foreclosure can keep their homes.  

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"This will provide a federal backstop for lenders to reduce the principal of loans that are priced higher than the value of a home so that they are affordable for homeowners. It is not a bailout for lenders or investors who gambled recklessly.  It is not a windfall for borrowers. Instead, the Dodd-Obama bill is a responsible and fair way to help bring an end to the foreclosure crisis facing the country.

"This is part of my comprehensive mortgage agenda, which includes resources for pre-foreclosure counseling, a tax break to working families on their mortgage interest payments, and tough penalties on fraudulent lenders. We must provide immediate relief to American families and to the American economy, while also taking the necessary steps to prevent this crisis from happening again."

Good, I was starting to wonder what we are paying these candidates for.  It's good to see that besides stumping, debating and throwing said kitchen sinks, toilets and bath tiles, they are actually getting some  well needed work done.