Obama says government can’t do enough to keep some people from losing their homes
By APWednesday, June 30, 2010
Obama: Still problems in housing market
RACINE, Wis. — President Barack Obama says that no matter how much the government spends, some people still won’t be able to afford their mortgages and will lose their homes.
There are still underlying problems in the housing market, the president said, in part because “some people just got too much house for their salary.”
Obama made his comments in response to a question Wednesday at a town hall event.
He said that Wall Street overhaul legislation pending in Congress would help with regulations to ensure that people don’t get “tricked” into buying homes they can’t afford.
Said the president: “We don’t want to go through anything like this again.”
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