Posted on 09/24/2008 11:07:40 PM PDT by HAL9000
Excerpt -
There is a broad consensus that Congress must act to stave off deeper turmoil on Wall Street. Irrespective of the final agreement yet to be reached, there are several principles that must be part of a broader reform effort that begins this week and continues in the coming months.~ snip ~
I've proposed a new Home Owners' Loan Corporation (HOLC), to launch a national effort to help homeowners refinance their mortgages. The original HOLC, launched in 1933, bought mortgages from failed banks and modified the terms so families could make affordable payments while keeping their homes. The original HOLC returned a profit to the Treasury and saved one million homes. We can save roughly three times that many today. We should also put in place a temporary moratorium on foreclosures and freeze rate hikes in adjustable-rate mortgages. We've got to stem the tide of failing mortgages and give the markets time to recover.
~ snip ~
(Excerpt) Read more at online.wsj.com ...
Hillary’s “Home Owners’ Loan Corporation (HOLC)”
yeah sure I want govt run mortgage company, not like they didn’t screw the pooch the first time.
Hillary apparently did not get big enough bite of financial first time around.
Or maybe her friends just kept her slice of the pie
Like a snowball headed to hell. ~~Merle Haggard
Once the socialist snowball starts rolling, there’ll be no stopping it.
“I’ve proposed a new Home Owners’ Loan Corporation (HOLC)”
What a stupid idea, Hillary. How much of the economy do we want in public hands?
bubba and bubbette can begin by lending out their one hundred million dollars to the poor homeowners.
The ship hasn't sunk yet. It's been over a week and the ship's still sailing on. When is the "imminent" collapse supposed to take place?
BTW, on Sunday Paulson said that if we make the plan to "punative" by limiting salaries and bonuses for the CEO's involved they "might not sign up". Under what conditions could these NOT sign up if the disaster is so "imminent"?
I believe this whole thing is a sham.
Get real, Hillary. It’s people like you who give America a bad name.
Go home and leave us alone. We are sick of you.
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