Why are both candidates silent on mortgage crisis?

President Obama has done almost nothing to help Americans restructure their mortgages.  With HAMP, Obama pledged to modify 4 million mortgages; but in fact "more than 1 million homeowners have been bounced out of the program."  

Meanwhile, about one-quarter of all U.S. houses are still underwater to the tune of about $690 billion.

So why is Romney silent on Obama's failure?

Because Romney promises to be even worse.  He has not made one proposal for re-structuring mortgages to somehow reduce mortgage principles.  Indeed, Republicans believe underwater mortgages are an issue of personal responsibility, a sacred trust between the bank and the borrower into which Big Government shouldn't intrude.

My hero, economics professor Joseph Stiglitz, finds it "shocking" that both candidates have been silent about the housing crisis.  And it has a been "a gross miscarriage of justice" that not one banker has ended up behind bars, said Stiglitz.  Then again, we shouldn't be surprised, since both candidates are in the pocket of the TBTF banks.

Stiglitz: "Shocking" how Obama, Romney are avoiding housing crisis

October 24, 2012 | Reuters TV