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. "It would not require a single new government bureaucracy, and would be designed to be self-financing over time -- so it would cost taxpayers nothing in the long run." http://www.reuters.com/article/politicsNews/idUSN2430663920080324 Ha, ha, ha....American dream come true...
at least mcCain said he was weak in economics ,Hillary is desperate, do you think some defaulter on subprime knows who Greenspan is? Who is she trying to woo?
"Federal Housing Administration should "stand ready" to buy, restructure and resell failed mortgages" I'm confused, this will cost the taxpayers nothing? FHA leads the way in derivatives with Greenspan at the helm?
Greenspan is 81 years old fer chrissakes and is the idiot who facilitated all this. It seems there were things the fool did not understand, obviously. Are there any Presidential candidates of stature, or even with a brain?
Ever see that show on A&E "FLIP THIS HOUSE"? Rumor has it, next years season premier episode will feature Alan Greenspan and Hillary Clinton buying some foreclosed properties and flipping them...
Federal Housing Administration should "stand ready" to buy, restructure and resell failed mortgages" Who are they going to sell these to. Sophisticated European investors? Wall street sells shit they don't buy anything. I know. let's sell them to orange county california