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New mortgage settlement won't boost housing

by The Oklahoman Editorial Board Published: February 14, 2012

Yes, the politician commenting on the $25 billion mortgage industry settlement was guilty of grandstanding. No, we're not referring to Republican Oklahoma Attorney General Scott Pruitt.

The settlement involved the federal government, 49 states and five major mortgage banks. Oklahoma was the cheese that stood alone. Pruitt said the state will have its own version of the settlement that will essentially have the same result.

We won't argue with Pruitt foes who call this political posturing. He's capable of defending himself. Those same critics, though, won't be quick to finger Barack Obama for the same offense.

Pruitt makes no bones about his activism against what he considers federal overreach in many areas, as opposed to the anti-business activism engaged in for years by liberal Democrats holding state attorneys general offices.

Oklahoma opted out of a health care exchange offer last year, when the Obama administration wanted to redistribute taxpayer money from Washington to Oklahoma City and other state capitals. The people themselves voted to opt out of Obamacare. Pruitt opted out of the mortgage settlement and thus made himself a target of scorn or praise, depending on one's perspective.

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by The Oklahoman Editorial Board
The Oklahoman Editorial Board consists of Gary Pierson, President and CEO of The Oklahoma Publishing Company; Christopher P. Reen, president and publisher of The Oklahoman; Kelly Dyer Fry, editor and vice president of news; Christy Gaylord...
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