Obama: Mortgage woes show Wall St reform crucial
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President Barack Obama said the home foreclosure crisis underscored the importance of his Wall Street reforms, and he blasted Republicans on Saturday for "beating the drum" to roll back the regulatory overhaul.
"Recently, we've seen problems in foreclosure proceedings -- mistakes that have led to disruptions in the housing markets. This is only one more piece of evidence as to why Wall Street reform is so necessary," Obama said in his weekly radio address, 10 days before Nov. 2 congressional elections in which his fellow Democrats are expected to sustain sharp losses. (Reuters)
