Project Lifeline: A Few Feet Shy

The new initiative, in which six major lenders agree to delay foreclosure in some cases, represents business as usual for the banks, and little relief for homeowners

As the foreclosure mess worsens, there's mounting public pressure for stronger action to keep people from losing their homes. But President Bush and his Cabinet have resisted the more aggressive forms of intervention, preferring to rely on the private sector as much as possible. That's raising questions about whether the White House is fully aware of the severity of the housing crisis.

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