Here's the Barack Obama Financial Times op-ed that got him criticized as FDResque in Forbes. The essence of the matter is that he's proposing "to establish a fund to help people refinance or sell to avoid foreclosure" and that "We can partially pay for this fund by imposing penalties on lenders that acted irresponsibly or committed fraud."
A separate FT article covering the plan describes it as "among the most radical yet from a leading Democrat" but it sounds to me like understanding the real nature of this proposal would require us to see more details than seem available from scanning Obama's website.
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