Clinton promotes moratorium on home foreclosures

folks, Clinton's regime had to lower interest rates because it was the only way to prevent the recession that became painfully obvious at the end of clinton's presidency. When purchasing is down, and the economy slows, lowering interest rates is the normal path to recovery, then the economy is running well and people are spending more, the interest rates go up to prevent inflation.

How did Clinton trigger low interest rates? The executive branch should not have anything to do with interest rates. Respect in the world. We haven't had respect around the world since WWII. Clinton bought "respect" through foreign aid and the Lord knows what else. The Bush admin. was slightly consumed with the 911 attacks eight months into the presidency. As I stated before I am not a Bush fan but he has had quite a lot on his plate: pilots held captive in China, 911 attacks, Katrina, Afganistan, Iraq, N. Korea, oil prices, Sudan, etc. Tough job, I wouldn't want it.

"The only people that prospered during the Clinton admin. were the lawyers in D.C. Put down the Kool-Aid my friend"

Um, I was alive and in business during those years. Whether it was management or just sheer confidence, we all appeared happier and more successful. Clinton triggered the lower interest rates that made the American dream more easily attainable. The was a marked change from Bush1 to Clinton. The world respected us. There was an actual attempt for the budget to be run within it's means. I understand that the dotcom run had a large impact on finance but that extended into Bush's run as well. Bush took a good situation and just let it run out. He was so distracted it seems those of us at home were forgotten about.

Party? Seriously? Those who tout "Kool-Aid" have lost all credibility. The man who coined that phrase has lost all credibility. You do understand that we can all see you all are wearing no clothes? We are laughing at you. We prod you to affect your blood pressure. AS far as Mr. Clinton's behaivor with a certain intern, I would offer to stock the White House with strippers if I could change this countries course. I don't care about intentions, I need resul

The ones responsible for this mess are the ones who are still profitting from it and only make changes to improve their bottom line. When the dust settles they will be on a higher pile of dough while we all cry and complain because we can't afford to send our kids to college... War on the middle class has already been won. Wake up.

I am by no means a Bush admin. fan, but the Administration had nothing to do with the current housing market issues. The banks themselves and backers like Fannie, Freddie, HUD, etc. loosened the lending guidelines. Lenders, especially two-bit mortgage brokers, pretty much could lend no matter what the buyer's/borrower's issues were. As for the so-called Clinton "prosperity" did you forget that for six of his eight years of partying that the House (where spending bills originate) was controlled by Congress. The only people that prospered during the Clinton admin. were the lawyers in D.C. Put down the Kool-Aid my friend.

If I offer you $100 dollars and tell you to pay me $1 a week, but that rate will go up after the first year to $3 a week, but still only $1 will go off towards what you owe me until it is paid back, will you take the $100 ? Either ppl that took the adj. rate loans didn't understand or were not smart enough to ask questions. So, the gov't should step in for them at the cost to us? I don't think so.
But do vote for Clinton tomorrow, hopefully she'll win in Virginia, then vote differently in National Election, just to throw a wrench in the works....

Don, you are not included in the title. I just wanted to point out to you that it would be better than if those investments fail. More foreclosures will not help any of us. Yes, both the mortgage companies and idiotic homeowners are to blame here, but here we are. The mortgage companies, especially the brokers need to be reined n. People place their trust in them only to get screwed in the end. The realtors are right there with them. For all of you proclaim Hillary C to be a socialist you may want to note that Bush has made similiar offers. You may also want to note that the problems ALL occured during his presidency, at his direction. President Clinton presided over one of the largest economic expansions in history.

Just another way to get folks who have lived within their means to pay for those who haven't. More than once or twice, I've seen folks in their mini-mansions and wondered how on earth they could afford it. Truth is, they couldn't afford it and now the rest of us will pay for their greed and the greed of everyone else in the real estate and mortgage business. Woe unto us if Hillary is elected.

a moratorium on the pension payments to seniors, widows and orphans that those mortgage investments provide?

The simple solution to problem is to outlaw adjustable rate mortgages.

Since it is out tax dollars the Federal Government (WE) are lending to banks for home loans, why not limit the profit that can be made on borrowing this federal loaned money, for mortgages. For example, If we lend our money to banks/mortgagte companies at 1%, then make law that says they cannot make more than 3% profit, so by law they could only offer 4% 30yf fixed rate motgages with the federal funded money.
And if the prime rate was 0% then we could get 3% 30yr fixed rate mortgages. Why not. What is the governemt for anyway? Do you know what this would do for home owners, mortgage payments in half for most.
This would certainly help the situation. And banks would still make millions/billions.

"We are the government and we are here to help. We will take all your pain away". That ought to be the Democrats slogan. Everybody wants to shed the responsibility for making bad financial decisions. Getting sick or losing a job has nothing to do with it. It's the old "my eyes are too big for my stomach" routine. Now those same folks cannot qualify for a simple conventional or FHA loan. Here's the sad part; they couldn't qualify for the conv. or FHA loan in the first place! Keep on electing Democrats and you will never be socially or economically free!

Yes I KNOW! I lost my job, took 18 months to get a new job, I am semi-handicapped, and cannot get just any job. So I did ODD jobs, and kept things together. Things were very tight, I am a single dad and raising my family, and I was still able to make the mortgage, buy the food, keep the auto insurance paid, buy the gas, pay the medical bills, (no I never accepted being on the public dole), and the first job I got for the next 9 months was still not completely full time, with no insurance, and benefits. So instead of whining about how unfair life is, I did Odd jobs for various people, so yeah, I know what it's like. I just don't whine about how unfair life is, kept myslef focused, and did what I had to do to keep going. My kids understood, things were a bit tight. macaroni and cheese, hamburger, ramen, tunafish surprise, it gets old, but it's cheap, along with frozen veggies whe there was a big sale on, whatever you can stuff into bag gets 10% off, etc etc. Life's not fair, deal with it.

I'll bet most of the people with financial problems didn't lose their jobs. They bought more house than they could afford and got into interest only loans or other ARM's without really doing any homework on the pros/cons of such mortgages. Then they didn't realize that the cost to insure the home would increase as would the taxes. The combination of these things along with other loans/debts made the payments more than they could afford. I remember reading an article maybe a year or so ago that said something like 40-50 percent of Americans couldn't tell you what type of mortgage they had. Is it any wonder that there are so many foreclosures?

In a perfect world people don't get sick or loose their jobs to downsizing, etc so when alot of these people "got" the loan when they were perfectly able to repay it. So I hope you never get sick, loose a job, etc or maybe you will be one of those who should not have gotten a loan....... It's always such a simple inconsiderate mind that makes comments such as yours.

People buy a house they cannot afford and now Hillary wants to support a 90-day moratorium on new foreclosures. Somehow this break would “help people work out a way to pay and stay in their homes,” she said. Unless they get a new job or a large raise they ain't gonna be able afford it then either. This sounds like a way to buy votes from people that bbought something they can't pay for unless the govenment steps in (aka Democrates).

Maybe the Government will declare a Moratorium on Credit card payments? Maybe it will declare a moratorium on car reposessions. If you cannot afford the loan, dont get the loan.

This woman is a socialist witch.

Yay! That's great! Let's stick it to those scoundrels trying to collect on the money they lent out. And while we're at it, let's stop credit card companies from getting any fees for the next 90 days; and stop shop owners from getting any money from their customers for the next 90 days; and how about no city, state and federal taxes collected over the next 90 days....wait... that last one might actually be a legitimate plan of action -- unlike Hillary's proposal.
This woman's complete inability to comprehend economics is scary.