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The word not spoken by Obama last night: Foreclosure

While it's perhaps a subtle rhetorical point, it is, to me, a stunning revelation of the way in which the Obama Administration still fails to see how the banks should be punished, because their fraud devastated all these families. Obama fails to see that housing has not just an upside--investment, jobs, growth--but also a huge downside of crumbling communities as one after another neighbor gets evicted from their home.