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Obama Drags Recovery With Raw Deal for Contracts: Amity Shlaes

U.S. President Barack Obama recently pocket-vetoed the Interstate Recognition of Notarizations Act, which aimed to smooth over the processing of business that involves contracts written in several states. One sponsor of the bill was a fellow Democrat, Senator Patrick Leahy.

But White House spokesman Robert Gibbs explained that the bill might make home foreclosure too easy for lenders, with “unintended consequences on consumer protections.”