Dec 5 - Democratic presidential candidate Hillary Clinton said Wall Street was partly to blame for the subprime mortgage mess.Sen. Clinton of New York urged the investment community to back a five-year freeze on resets of interest rates on subprime home loans.
Fred Katayama reports from the NASDAQ Marketsite in New York.
well guess what some of us who signed papers are your neighbors, so if our prices take a shit so do yours
hawleycx 4 years ago
It seems that a great majority of Americans were against any form of mortgage bailout. This bailout will just push the cost onto future home buyers; punishing those who waited responsibly for this whole bubble to blow over. It's a shame.
NoBailout 4 years ago
completely agreed. The people that signed the papers are responsible for their own actions.
kenji4861 4 years ago
those who are getting foreclosed, they signed the papers in which they agree tolow payments up front for a certain period of time, then the rate goes up. Its not my fault that peoplebit off more than they could chew.They saw a chance to get into the areas with the best schools, best neighborhoods,you have to pay for it. By freezing Rates and bailing out people for five years, After five years, are we going to bail them out again?
DW8814 4 years ago 2