Clinton: Resurrect the HOLC, and Buy Up Bad Mortgages

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The core of the plan envisions the government buying up sour assets of shaky. Former President Clinton said Thursday that one thing lawmakers must avoid is any bill that effectively rewards bad.

That’s when Bernie Sanders was gaining traction for, among other things, his calls to break up the big banks and resurrect the Glass-Steagall Act of 1933. The Clinton. could buy more financial.

The HOLC benefited many home owners who had been in dire straits, and a surprising number repaid the loan in full well before the 15 years were up. Is a new HOLC the solution to our current mortgage problems? At 6 percent unemployment, the economy is not remotely in the disastrous territory of the 1930’s.

The core of the plan envisions the government buying up sour assets of shaky. Former President Clinton said Thursday that one thing lawmakers must avoid is any bill that effectively rewards bad.

The GOP nominee had already chatted with Bill Clinton about the mortgage crisis and wanted to pick the senator s brain about her new proposal to have the federal government buy up bad mortgages and renegotiate terms more favorable to homeowners on verge of default.

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That’s when Bernie Sanders was gaining traction for, among other things, his calls to break up the big banks and resurrect the Glass-Steagall Act of 1933. The Clinton. could buy more financial.

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