..."Demos's report is timely, cogent, readable and persuasive," said Ellen Seidman, a Clinton administration alum who currently directs the Financial Services and Education Project at the New America Foundation. "The nation needs to face up to both the immediate and the structural changes that are needed to cushion the impact of the current crisis for homeowners, communities and the nation; to learn from the lessons of this crisis to improve our housing policy, especially by enhancing the supply of quality, well-located affordable rental housing; and to take the regulatory steps to prevent a similar wealth-stripping crisis from happening again," she said. "As the report states, the legislation pending in Congress is a needed first step, but it is only the beginning..." LINK

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