Coleman Addresses Mortgage Crunch

Brad Swenson

Bemidji Pioneer

 Easing the housing crisis with provisions to keep people in their homes in itself is economic stimulus for an ailing economy, Sen. Norm Coleman, R-Minn., said Thursday.

“Right now we’ve got an economic tide — it’s a riptide — and it’s pulling everything down,” Coleman told Minnesota reporters Thursday in a telephone news conference about an increasing number of mortgage foreclosures.

“What we’re doing here addresses the economic riptide and is providing needed responsible relief that is being done in a bipartisan way,” he added.