Sheridan Appoints Task Force

Few thoughts...

Assembly Speaker Mike Sheridan is calling together a bipartisan task force of lawmakers and others to study foreclosures in Wisconsin.

Sheridan announced the 22-member task force on Thursday. It includes representatives of the banking and lending industries and community advocacy groups, as well as both Republican and Democratic state representatives.
He said the group will look for ways to address the state’s growing number of foreclosures and how to minimize the impact on families and communities.

The group plans to meet and hold public meetings over the next four months. Sheridan said it will make its recommendations in August.

Sheridan said it is too soon to say whether he would support a mandate on lenders to prevent or delay foreclosures.

1) Typical government response… appoint a task force to give the appearance of actually doing something without actually doing something.

2) A 22 person committee is destined to be dysfunctional. 

3) Sheridan apparently already knows what he wants to do, but knows he will get severe blow-back.  I suspect that this task force is designed to give him cover. 

4) Want to make mortgages even harder to get?  Restrict the banks and mortgage companies from being able to foreclose on delinquent borrowers. 

5) Isn’t the foreclosure issue important enough to get a “Blue Ribbon” task force?  Guess not.