Page 23 - Housing Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The economy, making the jobs and housing problems even worse. that is in the long term. the short term affect is we take a hit to who we are, and how we think of ourselves financially. it's a hit to our reputation. martha: so much for american exceptionlism in terms of our economic strength. good to have you here as always. my next guest is a democrat who has changed his stance in the debt debate. he now supports a short-term deal that gets us over this august the 2nd hump. pwhrad to bglad to be joined by texas congressman quair. thank you for joining us. i hope you could hear from stewart var...

Average nevadaens view the race. >> harry reid is the most powerful democrat in the u.s. senate. seeking a fifth term in office and challenged by sharron angle. this race has been nasty, divisive and neither candidate is very popular and as we found out their constituents here are tough customers. >> away from the big campaign events and cameras, the few of nevada's tight senate race looks a little different. >> right now everyone in nevada going through the housing problems and foreclosures and everything like that. >> families of this soccer match say they could use a little assist and feel ...

Not alone in this. gmac now allied national halted evictions in 23 states for same reason. they fear other institutions did the same thing opening themselves to court challenges which could stall efforts to digest millions of bad loans. >> this is going to stretch things out more. the financial sector will not put the housing problems behind them for probably another several years. banks will get hammered. of course. the real estate business will get hammered. >> until we work through the bad loans, neither housing nor banks can recover. >> chris: thank you for that. the house committee last w...