Obama Backs Foreclosure Probe By States, But Is Against Moratorium, Gibbs Says

As Fraud Scandal Grows, White House Opposes National Moratorium on Foreclosures



A coalition of as many as forty state attorneys general is expected to announce Wednesday a joint investigation into the recent revelations that major lenders may have committed fraud while forcing thousands of people out of their homes. While senior congressional Democrats have joined the calls for a national moratorium on foreclosures, the White House is arguing against punishing the industry.



http://www.democracynow.org/2010/10/12/as_fraud_s­candal_gro­ws_white_h­ouse
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