OpEdNews Article: Article: The Looming Foreclosure Crisis: As the Fed Runs Out of Bullets, Local Governments Are Stepping InMortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won’t act, counties will, as seen in the latest developments on eminent domain and litigation over MERS.