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Obama's Bailout Plan Will Fail Unless it Stops House Price Depreciation
February 3, 2009he following is an Op-Ed by Jeff M. Busch, Chairman, Safe Blood International Foundation and former Investment Banker, and Henry E. Cole, Partner, Positive Outcomes; President, Global Development International; and former President, The Futures Group International: The Obama Administration must take steps to directly purchase 2 million foreclosed homes and provide rental and repurchase rights for these to the existing or new occupants. This will stabilize the housing market and stop further depreciation of home prices. Full release