Clinton Calls for $30 Billion for Home Mortgage Crisis

Patrick Healy, New York Times

Senator Hillary Rodham Clinton returned to one of her major campaign themes Monday — the economic impact of the home mortgage crisis — and called on Congress to provide $30 billion to help states and communities lessen the number of foreclosures.

In a speech at the University of Pennsylvania, Mrs. Clinton proposed several other moves to deal with foreclosures, like tapping two former chairmen of the Federal Reserve, Alan Greenspan and Paul A. Volcker, and former Treasury Secretary Robert E. Rubin, to lead a “high-level emergency working group” to recommend ways to restructure at-risk mortgages to help avert more foreclosures.

Click here for more…

Switch to our mobile site