Jack Reed actually said...

The foreclosure backlog is really inhibiting not only the banking industry, but overall economic growth.

Highlighting the negative impact of foreclosure backlog on economic growth.

06/29/2011

More Jack Reed Quotes

I think your approach is one that will meet this extreme demand in a shorter period of time than going out and building from scratch.

Well, what more can we do? Because many times it is a capacity issue, technical-skilled personnel to redo your zoning code so that, one, you...

Well, what more can we do? Because many times it is a capacity issue, technical-skilled personnel to redo your zoning code so that, one, you...

So it suggests State action as well as Federal action.