Random Liberal Quotes...
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Hillary says Wall Street to blame for subprime mortgage mes
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Fri Dec 07, 2007 1:00 am Post subject: Hillary says Wall Street to blame for subprime mortgage mes |
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 Hillary says Wall Street to blame for subprime mortgage mess
Wall Street deserves some of the blame for the current mortgage crisis, Democrat Hillary Clinton charged Wednesday, urging the industry to take steps to reverse the damage.
Category: Top Story
Wall Street deserves some of the blame for the current mortgage crisis, Democrat Hillary Clinton charged Wednesday, urging the industry to take steps to reverse the damage."Wall Street shifted risk away from the people who knew what was going on and onto the people who did not," Clinton told an audience at the Nasdaq Marketsite in Times Square."This is a moment for shared responsibility in America. Investors, lenders and homeowners all have a part to play, and sacrifices to make."She called for a 90-day freeze on owner-occupied home foreclosures, and also for stopping increases in subprime mortgage rates for at least five years - a move similar to what the White House is expected to announce today.The Democratic White House front-runner also suggested the creation of a one-time, multibillion-dollar "community support fund" to prevent foreclosures by providing financial counseling and other services, and for prosecuting foreclosure-related fraud.
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Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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