The Corner

The one and only.

Clinton’s Mortgage “Solution”


Check out Senator Clinton’s proposed solution to the mortgage challenge. Federally-backed mortgage bundling and restructuring with a guaranteed return? Holy smokes, talk about rewarding the people who caused the problem. The S&L crisis of the 80s was fomented by just such a misalignment of interests — and the public was left holding the bag to the tune of $125 billion. If anything, this proposal would lead to even more foreclosures as lenders sought innovative ways to cash in. Wow, this is just so appallingly bad. 


Sign up for free NR e-mails today:

Subscribe to National Review