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Hillary Threatens Wall Street
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Thu Dec 06, 2007 5:00 pm Post subject: Hillary Threatens Wall Street |
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 Hillary Threatens Wall Street
Sen. Hillary Clinton (D-N.Y.) is threatening Wall Street with regulation of the mortgage investments that proved so lucrative in recent years, saying financiers bear part of the responsibility for the sudden spike in foreclosures suffered by homeowners hit with big payment increases.
Category: Top Story
Sen. Hillary Clinton (D-N.Y.) is threatening Wall Street with regulation of the mortgage investments that proved so lucrative in recent years, saying financiers bear part of the responsibility for the sudden spike in foreclosures suffered by homeowners hit with big payment increases. “Wall Street helped create the foreclosure crisis, and Wall Street needs to help solve it,” she says in remarks prepared for delivery Wednesday afternoon at the NASDAQ MarketSite in Times Square. Also, with the administration putting the final touches on a relief plan negotiated with the industry, a White House official said President Bush will make a statement on housing issues on Thursday afternoon. Clinton, whose remarks were organized by her presidential campaign, was in the unusual position of taking on her own constituents, as all the Democratic candidates scramble to show they have a plan to deal with a problem that is exploding for middle-income families. In excerpts released by her campaign, she says that responsibility for the foreclosure crisis is shared by “Wall Street, which not only enabled but often encouraged reckless mortgage lending” with a “'see no evil’ policy that financed irresponsible mortgage lending.”
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Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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