Clinton proposes Greenspan lead foreclosure group

[JTFrog]

Source: Reuters

By Jeff Mason

WHITE PLAINS, New York (Reuters) - Former Federal Reserve Chairman Alan Greenspan and other economic experts should determine whether the U.S. government needs to buy up homes to stem the country's housing crisis, Democratic presidential candidate Hillary Clinton will propose on Monday.

Clinton, a presidential candidate and senator from New York, said the Federal Housing Administration should "stand ready" to buy, restructure and resell failed mortgages to strengthen the ailing U.S. economy.

"Just as it has in the past, this kind of temporary measure by the government could give our economy the boost it needs and families the help they need," Clinton will say, according to excerpts of remarks prepared for a speech in Philadelphia.

Read more: http://www.reuters.com/article/politicsNews/idUSN2430663920080324

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This is the same man that recommended ARMs in 2004. The same man who's lax banking supervision led us to this problem to begin with.

With Clinton, we just get more of the same.