Calabasas, CA (PRWEB) June 17, 2011
Philip Kramer, lead attorney for the Law Offices of Kramer and Kaslow, not too long ago commented on a Huffington Post report reporting that President Obamas failure to resolve the housing crisis is causing unemployment to rise.

In the article, Preeti Vissa, community reinvestment director of the Greenlining Institute, a foreclosure relief advocacy group was quoted as saying “This is an emergency. The ongoing foreclosure crisis is well on the way to dragging the complete economy into a double-dip recession if robust action isn’t taken immediately.”

The Huffington Post goes on to state, The connection between the foreclosure crisis and rampant unemployment is nicely recognized by economists and the administration. Diving residence values and heavy debt burdens force cutbacks in each customer spending and tax revenue for nearby governments. These decreased spending levels and reduced government revenues force layoffs in each the public and private sector. And those layoffs, in turn, spur far more foreclosures.

According to the article, on Thursday, President Barack Obama warned Property Democrats in a private meeting that the housing circumstance could drag down the entire economy. One particular House Democrat who was in the meeting complained that the president mentioned housing was the major factor dragging down the economy, with Geithner nodding solemnly like they’d completed everything humanly feasible for the final 27 months to fix the housing market.

Phil Kramer, a noted Southern California lawyer who represents hundreds of consolidated litigation plaintiff customers suing six of the nations biggest banks for wrongful foreclosure actions sees it differently. I do not believe the administrations efforts have been adequate. Kramer states. The plan is voluntary, and if my consumers are any indication, then the system is an unmitigated disaster. I have hundreds and hundreds of clientele who have been wronged by the banks many of them over a very lengthy period of time. The government programs have completed nothing to assist these folks, and as a result the overall economy is suffering the consequences.

Far more of Philip A. Kramers observations can be found at the Kramer and Kaslow weblog.

ABOUT PHILIP KRAMER
PHILIP A. KRAMER is the senior partner of the Law Workplace of Kramer & Kaslow, in Calabasas, California. Kramer & Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on organization litigation, and real home matters. He has prosecuted and defended situations for over twenty five years.

Mr. Kramer is a licensed true estate broker and has spent considerable time delivering legal services in connection with real estate issues relating to loan modification and loss mitigation, land use and zoning, environmental troubles, easements, building and improvement, finance, and landlord tenant matters.

Mr. Kramer is admitted to practice prior to all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 situations. He has appeared on nationally televised applications relating to pre-trial process and trial technique and has appeared as a guest lecturer on subjects ranging from constitutional law to trial practice, and Mr. Kramer frequently lectures on a broad spectrum of various legal and company problems.

Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

Mr. Kramer is also a previous president of the Los Angeles West Inns of Court, a national organization devoted to bringing professionalism and civility back into the legal profession. He also serves on quite a few Boards of Directors and serves as an officer in a lot of firms. For more data contact (818) 224-3900 or pay a visit to http://kramer-kaslow.com

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