Schwartz: HOPE NOW numbers are best ever

Faith Schwartz, the executive director of HOPE NOW, talks about the organizations success so far this year. She says that the numbers for June are “the best ever,” explaining that 181,000 loans were worked out in that month alone. Schwartz also says that a total of 1.9 million foreclosures were prevented and that HOPE NOW will continue to work to reach and help more at risk homeowners. (0:43)
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If We Paid Congress the Way We Pay CEO's, We Would Have More Legislation, Not Better

The House Oversight and Government Reform Committee held a hearing on “Executive Compensation II: Mortgage CEO Severance Packages,” focusing on CEOs involved in the ongoing subprime mortgage crisis.

Nell Minow, editor of The Corporate Library, says that the pay packages given to executives contributed directly to the economic crisis because they created incentives to produce more business rather than better. (0:45)
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