and  

Mortgage Servicers Pledge to Accelerate Modifications -  By Dawn Kopecki - Mortgage servicers meeting with Obama administration officials pledged to step up the pace of loan modifications to keep more struggling homeowners from sliding into foreclosure, according to the U.S. Treasury. -  Bloomberg

vs
Barney Threatens Cramdowns - Modify or Else! - Frank threatens banks to stop foreclosures -   By ANNE FLAHERTY (AP) –  A senior House Democrat threatened banks Wednesday that if they don't volunteer to save more homeowners from foreclosure, Congress will make them.In a sternly worded statement, Rep. Barney Frank said Congress will revive legislation that would let bankruptcy judges write down a person's monthly mortgage payment if the number of loan modifications remain low. - AP Google
------------

Obama's stimulus killers - The president's two big legislative goals for the fall could put new burdens on a weak economy.-  By Nina Easton - Barack Obama promised universal health care and a mass conversion to green energy when he launched his presidential campaign. - Fortune

------------

Let’s Break up the Fed - By AMAR BHIDÉ - The Federal Reserve has done a terrible job at financial regulation. Why give it more power? ... Mr. Bhidé, a visiting scholar at Harvard, is the author of “The Venturesome Economy”  ... - WSJ Opinion