Solving the Foreclosure Crisis, like Solving an Algebra Problem

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From the mere sight of this problem, if you have not been regularly practicing algebra, solving it may prove to be a daunting task. The fearful would turn a blind eye; they would allow this problem to go unsolved. Those with a bit more courage, and a general idea of how to solve the problem, may look at all of the X’s and cancel them out leaving just the numbers behind. The X’s are the terms. If one were to cancel out the terms, they would be left with a numeric fraction for an answer. Both of the preceding techniques, however, are fruitless and incorrect.

To see a problem and being afraid to tackle it gets you nowhere. To see a problem and having courage enough to make an attempt, but doing so incorrectly, is valiant but vain. The wise person would study the expression and find commonalities. These commonalities are called factors. The sharp scholar would tackle these first to simplify the problem, and with calculated technique, he will find that problem beginning to solve itself. “You cannot cancel terms; you can only cancel factors” (

Daily in our Nation, we are besieged with such problems; tough problems that from the mere sight are seemingly too hard to solve. 2009 proved to be the year of challenge on many fronts. The year opened with an economy marching in a dismal recessional. Banks, one by one, were springing of the diving board of bad fiscal responsibility into the pool of failure. Lines at unemployment offices continued to extend as far as the eye could see. We have multiple wars on multiple fronts that seemingly have no end. But the most deplorable of our Nation’s surmounting problems, in a land full of plenty, is seeing our fellow countrymen losing the keys to their homes.

According to RealtyTr...

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...r to cure the foreclosure crisis, sure enough, we must take a holistic approach including the federal, state, and local governments and the lenders, borrowers, and future borrowers. This plan is that holistic method. And I do believe that what I’ve outlined in this proposal could set us on the path to making foreclosures in our Nation a thing of the past. Save the dollar—save the home. We cannot turn a blind eye to this situation. We cannot make valiant claims while making vain maneuvers. We must tackle this problem of foreclosures head-on not because it is easy, but because it is hard. Because this “goal will serve to organize and measure the best of our energies and skills, because [this] challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win, and the other [national problems], too” (John F. Kennedy, 1962).

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