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Clinton Calls for Blue-Ribbon Mortgage Panel  

Posted Mar 24, 08 2:39 PM CDT in Business,  Politics    Most Covered

(newser) – Ex-Fed chief Alan Greenspan and other high-profile economic bigwigs should take the lead in deciding whether the government should buy homes affected by the housing crisis, Hillary Clinton says. "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," the candidate said today in Philadelphia.

Clinton wants the FHA to be authorized to prop up the mortgage system in a way "designed to be self-financing over time," she said. In an effort to appeal to Pennsylvania's blue-collar voters, she called on President Bush to appoint an emergency bipartisan group including Greenspan, ex-Fed chairman Paul Volcker, and ex-treasure secretary Robert Rubin, Reuters reports.

Source Reuters

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Clinton Calls for Blue-Ribbon Mortgage Panel
Democratic presidential hopeful, Sen. Hillary Rodham Clinton, D-N.Y., delivers a housing policy speech during a campaign stop at the University of Pennsylvania in Philadelphia.   (AP Photo/Charles Dharapak)
Clinton Calls for Blue-Ribbon Mortgage Panel
Democratic presidential hopeful, Sen. Hillary Rodham Clinton, D-N.Y., delivers a housing policy speech during a campaign stop at the University of Pennsylvania in Philadelphia.   (AP Photo/Charles Dharapak)
Clinton Calls for Blue-Ribbon Mortgage Panel
Former chairman of the US Federal Reserve Alan Greenspan makes a speech on financial stability and the challenges of globalization for Britain, in London Oct. 1, 2007.   (AP Photo/ John Stillwell, Pool)
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Hillary Clinton  • mortgage crisis  • Alan Greenspan  • Barney Frank  • Chris Dodd  • Robert Rubin


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