This past weekend, MSNBC's Melissa Harris-Perry held a roundtable discussion on President Obama's Phoenix speech about housing policy that included a reference to Richmond, CA's Local Principal Reduction policy as one of the key ways to respond to the on-going housing crisis caused by Wall Street criminals. You can stand with Richmond here.
Harris-Perry also did a good job of reminding people that the reason for the massive bailouts of the bankers was their reprehensible predatory lending practices in the subprime mortgage market. Without that criminal behavior, there wouldn't have been a housing bubble or economic collapse in the first place.
Here's the full clip: