make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

Edwards and Clinton say Bush not doing enough to help homeowners

READ MORE:
WASHINGTON (AP) -- Democratic presidential candidates John Edwards and Hillary Clinton says President Bush is not doing enough to help homeowners at risk of foreclosure. Bush is expected to announce an agreement with the mortgage industry today to freeze certain subprime mortgage interest rates for five years. Edwards and Clinton say the conditions on the freeze will leave out many homeowners who are most vulnerable. Edwards says the plan will still leave millions of families at risk of foreclosure. The former North Carolina senator says more help is needed for families. Clinton says Bush will give homeowners less help than they deserve. Edwards announced a plan yesterday that would require the freeze on mortgage rates to last for seven years. (Copyright 2007 by The Associated Press. All Rights Reserved.)

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

»

DON'T REMEMBER

I don't ever remember Bush signing a bill that obligated any one person to make a purchase on a home that they could not later afford in the first place. I do sympathize with those who are in financial difficulty and I do know what it feels like to struggle, but there was no reason why all these people needed to run out and make a purchase that they knew they would be obligated to for 30+ years. If Hillary and dear John feel such heartening feelings for these people, lets let them pay for the homes.

let him do it

Why doesn't johnny red pay for the millions of people that didn't read the fine print of their mortgage contract? He can open his wallet and settle that.

No authority

The United States Federal Government does not have the authority to interject itself into private contract agreements. Clinton and Edwards may be thinking of the former Soviet Socialist Republic.

Just like a liberal...

to state that it's the government's job to take care of people when they've made bad choices. Where's the help for the folks who are behind due to an accident, illness, or job loss? Should the government bail them out as well?

Bad loans

Several hundred thousands of these loans were for second[vacation] homes,which, by law, can include a recreational vehicle, were ARM loans and in some instances financial obligations added to their principle residence. These people deserve no protection. Neither does the idiot who wanted "chamegne[SP]" on a beer budget.