Foreclosures may be best dealt with at state level

Seems like most important consumer-oriented legislation of late in this country comes back to the argument that is just about as old as the American republic: are the best remedies to be found under federal or state laws? So, it probably should not come as a surprise that solutions to the ongoing foreclosure crisis in many parts of the country, in the view of some, may best come from the states rather than from Washington.

This is nothing new. With health care, the nationally administered so-called public option gave way to a system of state-based purchasing pools called "exchanges"; with consumer protection, the debate is ongoing about whether it is better to have federal laws that can preempt state laws that may or may not be stronger than the proposed federal law.