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Clinton proposes Greenspan lead foreclosure group. [View All]

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JTFrog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-24-08 09:13 AM
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Clinton proposes Greenspan lead foreclosure group.
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Edited on Mon Mar-24-08 09:57 AM by JTFrog
Leading economist are trying to figure out how much of the blame for our current problems lie with Greenspan. But Clinton seems to think he's the go to man for the fix?

Clinton proposes Greenspan lead foreclosure group

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.

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



*edit forgot link
*second edit - added the actual article title as thread title as it was more descriptive
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