I think the government should help out. If America is a place to prosper then why does the government set us up to fail?

Another thing you should be cautious about is this new thing the elitist are doing to your choices for president. They know the internet is shredding their hold onto you. They see the power that simple people have and the REAL candiates that are coming out with great numbers. YOU GUYS NEED TO LOOK IN YOUR HEARTS AND QUESTION WHY THE STATES ARE MOVING UP THEIR PRIMARIES.

They say it's to have a bigger voice in choosing the nominee. That's true, because they(elitists) want to get the nominee THEY want. They know if things go as normal with the primaries, the greater the chance for the small guy to increase his candidacy. They want their guy to get the nominee while they're on top.

You're all being run into the ground and don't even realize it yet. Better yet, you won't do anything about it either because you're all trained sheep that obey your master government.

Is anyone keeping count of how many promises Clinton is flinging out there? "A chicken in every pot". Who is financing it all? The federal budget is in crisis as it is.

It's apparent some of you posting here have no real concept of how the housing industry works. The economics of the housing market has more to do with the interest rate on the loan and the costs incurred to sell a house than it does the selling price of the house.

Home prices are high you say? The cost of selling a house averages around 6%. That comes off the top of the selling price. Any decrease in the housing prices adds to the loss of selling a home. The recent reductions in housing prices has increased the loss of selling a home to a national average of 10%.

The average new home owner is getting an adjustable rate mortgage. If a homeowner gets into a mortgage at 5%, which was common two years ago, and the interest rate increases to 7%, which is where the rates are now, that is a 40% increase in the monthly house payment.

So you sunshine singers are mistaken. The housing industry also effects the stock market. Anyone with a 401K retirement plan would do well to make note of the impact housing has on your investment return.

Hillary is talking a pretty talk and the subject matter is real. The thing I absolutely hate about Hillary is she NEVER says how she intends to pay for all these pretty plans she makes.

Curb lending practices how? Through government regulation and more red tape? That is a sure fire way to increase closing costs when buying a home. Someone has to pay for the additional cost of compliance and it sure won't be the banks.

Support families in need? And where is that money coming from exactly? So now our tax burden increases to bail families out who are in danger of foreclosure.

Increase affordable housing? How in the wide world of sports do you plan on making that happen, manipulating a free market? Or does Hillary plan on building mass housing projects for those that can't afford homes on the open market?

The talk is pretty and subject matter is important. The truth is that Hillary never has any details, only pretty speeches.

She's not going to be able to accomplish that by running from the battle on terror in Iraq.

From the architect of White Water a woman who ripped off poor people with a lending scam so devious that would make the sleaziest mortgage broker look like a saint. What a liar and a hypocrite! Disgusting! I ask all who read this to look at what Hilary did to those poor people in the White Water scam. Disgusting!

Sure Hillary, at the expense of whom? She wants us to pay higher taxes to bail out these home loans. Sounds commy to me. I won't do it!

As a loyal Democrat and strong supporter of Senator Clinton, I am very much a pro-business Democrat. I think people should take responsibility for their own actions, meaning: if you sign a contract for a mortgage loan you need to satisfy your debt. In business and economics there are wolf and there are sheep. We can't all win. Besides they weren't necessarily bad loans, it was inflation…the homes were just too expensive! Alot of people lost their homes in the early nineties due to a soaring house market, President Bill Clinton let the economy take it's course and by the mid nineties the economy was booming. Like the Beatles sing "Let it be".

Clinton promised that, as president, blah, blah, blah…

She gives no details in her promises and of course the bias media lets her slide with that for fear of hurting their candidates chances of winning.

The fact is, more Americans own homes today than ever before. Home prices are high because most Americans have put their life savings in them. Is this a bad thing to Hillary? Is she purposing that the government help drive down those home prices(savings accounts) to where her pitiful new entitlements will actually help??

Well, since Hillary is going to pay it off for me, I'm might as well buy that house worth twice what i can afford too.
Entitlements and corrupt politicans. Two peas from the same pod.

H. Clinton is right in one thing. We do need to stop fly-by- night mortgage brokers. But her solutions are not going to stop them. These are issues that are supposed to be handled on the Senate level. What is being done now?

IT'S TO LATE HILLARY

What happened to the good old days where if you couldn't afford to put down money you didn't buy a house? What happened to not using credit to buy all your nice gadgets for your house?

People need a good old dose of reality and the government needs to tighten up the lending practices. If someone is so much of a risk that all they can get is a 25% credit card then they shouldn't be able to get one. Credit is a privilige, not a right. Situations should not be encouraged where it becomes necessary to waste American taxpayers money on bailing out private companies.

Personal accountability would solve a lot of problems in this country but instead we have Big Brother running the show and messing up everything they get their hands in.

Go go big brother, not!!!!

Not only should lenders be held accountable but so should the borrower. This hold lack of personal accountability on the part of individuals is ridiculous. If you know you can't afford the payment then why are you going to listen to some idiot spin you a pretty picture on how you can afford that house you really can't.

The government is just as responsible for the current mortgage crisis as the lenders are. They are the ones that loosened the lending regulations, so how about they fix them. Exotic loans used to be hard to get before they changed the regulations. While they are at it they can pony up the money to pay for the loss of property value since they contributed to that problem as well since they were in such a hurry to make sure everyone got a house regardless of whether they could afford it.

As usual the politicians who want to get elected will promise to fix the problem and then promptly screw more up when elected. Demorcrat or Republican it makes no difference. It will be even more fun if a Democrat gets elected, then not only will we have high mortgages and gas prices but we will get higher taxes and socialized medicine to boot. Where will the foreigners who come here go for their health care, Russia?

Way to go Hillary!!! Your only about a month or so to late. Senator Edwards has been out on front of this for awhile, just like he has been on most of the issues.

Edwards/Obama '08

Newsflash: In a free market system there is always going to be correlation between risk and rate of return. In this case some people took on high risk - with an "exotic" mortgage - to get a better "return" - a house for a lower monthly payment.

Did a lot of people get burned? Sure. Were they aware of the risks? Maybe, maybe not. You can argue that there should be a greater emphasis on making sure people understand the risk of getting involved in a large financial transaction, but who in the world puts down a sum that is over 5 times their annual income without at least considering the possible consequences?

In any case trying to eliminate risk from a capitalist society is disastrous. All the largest employers in the US and all the revolutions in productivity and value that have happened here have been a result of someone rolling the dice and winning big. Restricting people from engaging in market transactions that they are actively interested in is a BAD thing.

If she cured cancer, some people would find some fault with it.

Van

While I agree that unfair lending practices need to be curbed significantly, I don't think the government should hold the homeowner's hand and bail them out any time they are irresponsible when approaching lenders for a loan and not reading & understanding the fine print for themselves.

I wonder were Clinton thinks all the money comes from. Probaby the land of take from those who work, and give it the government to waste. I keep waiting for a new innovative drug to come from a raindrop since drug companies are evil. Oh, you mean an American company had to put up the funds to find that new drug? Certainly they should give it away for free

Hold brokers and lenders accountable
-Give families the support they need to avoid foreclosure
-Increase the supply of affordable housing.

Right. Sure she will. Good grief. How are her own constituents fairing? I wonder if i should google up home foreclosure's in New York State.

As a non -home owner, I think its important that people learn that they can't buy everything! If you can't affored a 3000 sq ft house, with a $3,000 a month mortgage, then don't borrow money to do so.

That said, housing prices have become rediciulously high by speculators in the market thinking housing prices will always go up, up, and away. Well, they got burned and now there's an over supply of housing in some areas. You know what? That's good for me.

Don't you love taxes…take my pay from my family to bail out people who overspent when buying a house. Thanks…let me know if there is anything else I can help out with.

Federal oversight because States are doing such a shotty job??

What ever happened to "personal responsibility"?

Sure, let's eliminate foreclosures, poverty, provide universal healthcare, etc. And we have a great model to work from - it was called the Soviet Union. Remember how it imploded?

Good ideas, Hillary. Brilliant!

Why don't people make an effort to understand their own finances and not purchase homes that they can't really afford?

Novel idea isn't it…..Purchase a house you can afford. Drive a Hyundai instead of a Lexus.

Sure, mortgage companies use fast-talking salesmen and fine print to do business, but so do many others (credit card companies, car salesmen, etc). Take on some personal accountability for a change instead of blaming it on the big bad mortgage company who made me get a loan that I couldn't afford.

This is almost the same as suing a tobacco company because you got cancer from smoking 12 packs a day.

On a releated note, while addressing the Justice League, Senator Clinton also promised to defeat Lex Luthor and end the nuclear arms race by hurling all nuclear warheads into the sun.

Empty promises, nothing else from HRC.

Next up, Senator Clinton address yet another group, promising what they want to hear, despite having stated the opposite position previously.

American you had better wake up. When President Clinton was in office we did not have the mess that we are in today. Gas prices were low, houses was affordable, our sons and daugthers were not being killed and our standard of living was the best that it had ever been. If we don't wake up and elect the dream team of Hillary and Obama we will only have our own selves to blame. Just think how far this world will have advanced if that team becomes a reality.

Excuse me, but if what she claims is true, why isn't she doing it NOW as a U.S. Senator? What legislation has she proposed or (co-)sponsored to help fix this problem? I always thought Congress passed laws and Presidents enforced them…

Thank you, Senator Clinton.

Van

How do you spell hypocrite? C-L-I-N-T-O-N. Of the two, Hillary Clinton was more responsible than Bill for the Whitewater scandal. She got people to sign up for mortgages where if the tenant missed one payment they would both be evicted and the money they already paid would be taken. True to the contract, several people were evicted under her system and she kept their money. If she wants to go after predatory mortgage lenders, she should turn herself in as her first act.

Instead, Obama wants to talk with fly-by-night mortgage brokers as soon as elected and without preconditions - that is being naive.

I've always been a broad supporter of Sen. Clinton. She has exactly what it takes to repair this country, from the the ever-so pained Bush administration.

-Hold brokers and lenders accountable
-Give families the support they need to avoid foreclosure
-Increase the supply of affordable housing.

Very good, Senator Clinton! As a new home owner, (as of Feb 2005), I think it's important that our President recognize the problem and do something about it. I'm looking forward to you and Barack Obama changing the status quo of robbing the poor and middle class in this country.

I'm excited about your campaign. Barack Obama's too! Keep up the good work!