December 5, 2007
Posted: 03:30 PM ET

Clinton went to Wall Street Wednesday.

NEW YORK (CNNMoney.com) — Senator Hillary Clinton spelled out the details of her subprime bailout plan Wednesday, calling for a 90-day moratorium on foreclosures and a five-year freeze on the interest rates of adjustable rate mortgages (ARMs).

In August, the democratic presidential hopeful asked legislators to ban prepayment penalties on mortgages, but her new plan goes much further, and bears similarities to other proposals, including one expected to be offered by the Bush administration soon.

Clinton had already outlined her proposal in a letter to Paulson on Monday - the letter was posted onto her Web site - but on Wednesday she formally unveiled the comprehensive plan.

– CNNMoney's Les Christie

Full story

UPDATE: Former North Carolina Sen. John Edwards unveiled a plan Wednesday that goes further than Clinton's. He is including a mandatory interest rate freeze to last seven years and a moratorium on foreclosures would that would be in place at his discretion.

Filed under: Hillary Clinton


VINCENT BERRY   December 31st, 2007 11:06 pm ET

I THINK BUSH SHOULD BE IMPEACHED

Kyu Reisch, Radcliff, Kentucky   December 7th, 2007 11:11 pm ET

Eric Samuels, CA, you will never learn if Hillary pays off your credit card bills for you, so you pay off your own bills and get the lesson, is it fair?

David, Atlanta   December 7th, 2007 4:00 pm ET

This plan is similar to the Bush plan. All poloticians are the same. People get a lower rate for 5 more years than the responsible people. Why not determine what rate these people can afford. If they can afford a higher rate then raise it. Freezing this rate for 5 years will only delay the problem for 5 years when hopefully neither Cliton or Bush will have any political influence.

For all you uniformed let me tell you about the investors. 401K plans, Companies whose stock is in 401K plans such as CocaCola. We bail them out and house prices stay high for 5 years. We let the economy work itself out and all our retirement plans lose value. I don't think this is a game we can win. Since I am young I vote to let me buy more stock at a lower price and drop the value of a home to what income can support for the average person.

David Allen Linkenheimer - East Brady, Pa.   December 7th, 2007 10:22 am ET

You can bet that Hillary will never suggest that the debtors pay off their "credit bankers" with "Public Office Money Certificates" like Jessie M. Snyder did… See: U.S.A. v. Jessie M. Snyder and the Butler County Tax Claim Bureau at 2:07-cv-0331, United States District Court for Western Pennsylvania at Pittsburgh.
She paid directly to the Treasury and it caused Secretary John Snow to resign to avoid having to make a determination as to the "Substance of the Money".
It is all a matter of public record in the federal court file..

Heather Jones   December 6th, 2007 10:14 pm ET

I think Hillary is well experienced, intelligent, worldly and sound. I am going to vote for her. It will be nice having a woman run the show for once.

pam Eugene, OR   December 6th, 2007 6:39 pm ET

This bail out is a bad plan. It doesn't matter if it is the Bush plan, The Clinton (Bush lite)plan or the plan Obama came up with a few months ago. It is bad business! You have several thousand greedy people who took out loans they could not afford planning that they could sell these homes at an inflated value before the ARM came due. All they did was run up housing costs so high normal people can't afford a home any more. They signed the contracts and I assume they read them and they should be on their own to work this out. I lost 50% on my bank stocks because of this mess. Is the government going to pay me back? No, I think not.
Let's see some personal responsibility folks.

Tannim   December 6th, 2007 4:58 pm ET

Thanks, Hillary, for bailing out the morons who went ARM and couldn't make the payments, while leaving those of us who went fixed with payments we can make being screwed by the effects on the market. Thanks for rewarding the fools. Thanks for not rewarding us smart folks who saw this coming and took steps to avoid it and are watching out equity and home value go down the toilet because of these fools and how they screwed the entire market. Where's the protection of our equity and home value? When I sell, will I wind up upside-down in my mortgage because of this, and where's MY relief for this? If anything, because I and people like me had the foreknowledge of this coming and avoided it, we're the ones who should get the relief, not the fools who went into a house they could not afford. We're the real innocent victims here, where's our relief???

Ethan, Ohio   December 6th, 2007 4:47 pm ET

This plan is horrible, we are bailing people out for signing a bad mortgage with no money down. Most of the people that are getting forclosed on were speculating on the houses and flipping them anyway. The rest of the people got to live in half million dollar homes for 2 years paying less per month than I am for rent right now. This shouldn't be allowed and the market should correct for people not properly reading the fine print and taking improper risks.

Paul NY NY   December 6th, 2007 4:36 pm ET

Wow…she comes up with a good plan to help people and the Obama and republican trolls come out en mass to post negetive comments…Interesting.
The desperation comforts me , it means they are scared to death of a Clinton win.

Surrealist, Fort Myers, FL   December 6th, 2007 3:15 pm ET

Steve in Chicago says: "This plan only hurts you unless you bought more house than you could afford and financed with an adjustable rate that is about to overextend you."

Steve–How narrow minded. The people who qualified for these loans had to meet the same income qualifying trials that all of us do. Fact is we have a sick economy..and nobody wants to really believe it. Steve, do you really believe that the weekly unemployment/jobless rate which is spoon fed us by the government actually depicts our employment robustness? If you do, then you are the sheep!! Fact is 40% or more of American workers(buying homes and what not) are not full time but part time workers. As you are aware a worker must be employed full time for at least 12 months to apply for unemployment benefits. Care to hazard a guess as to how many can't or don't apply for unemployment? That being the case–you're looking at a TRUE picture of unemployment nationwide that is closer to 7% than 3%. Also–statistically speaking–workers who are laid off or eliminated due to closures, or "cost cutting", outsourceing typically return to employment at LESS money than they were making previously. Given a more realistic example of what's been happening on the "street" in our economy, mabye you'll change your pompous tone some…and pull just a little of your head from the sand.

Glenn, McKinney,TX   December 6th, 2007 1:37 pm ET

Make no mistake: ALL subprime bailout proposals are ONLY FOR THE BENEFIT OF THE FINANCIAL INSTITUTIONS. You'll hear about "compassion for the people" on the campaign trail, but anyone behind on payments is still screwed. And anyone that isn't, could refinance on their own. Foreclosure is more costly for the banks than collecting a reasonable amount of interest. Too bad that concept eluded them in the beginning. It's really just another case of Corporate Greed, and everyone looking the other way, as long as they get their piece of the pie.

Remarkable teamwork though: Billary initiated Banking Deregulation, Bushco passed new Bankruptcy Laws, and viola! The stage was set for the appearance of prosperity and the consolidation of wealth to the elite.

Mortgage Lenders approved excessive loans. Sliced, diced, sold & resold them so that investment risk was hidden. Rating Agencies were either inept at their job, or complicit. Money pours in, stocks go up, and everyone is happy until loans start defaulting, and liabilities start being valued properly on the books.

Citicorp, the world's largest corporation in terms of assets, has some experience with this. They helped Enron with their accounting methods. Believe it or not, Enron is actually suing Citicorp.

THERE IS NO HONOR AMONG THIEFS.

Matt McComb, San Francisco, CA   December 6th, 2007 1:28 pm ET

I am actually curious to hear the reasoning for why people think this plan is a good idea. I see a lot of "yay Hillary, way to support the American people!"…but she's not. Not really.

This plan will bail out people who made bad financial decisions with money out of the pockets of people who made good ones (by not buying houses they couldn't afford). I didn't buy a house over the last couple of years, even though I could have gotten a mortgage to do so, because I knew that I couldn't afford it in the long run. Am I just out of luck; did I miss the freebie house party?

This plan rewards people for going way too deeply into debt to buy something they could not afford on their income. Why should that sort of irresponsible financial behavior be rewarded? Can anybody answer me that question?

Fred Hermans, Neshanic Station NJ   December 6th, 2007 12:33 pm ET

Hillary:
News flash: Wall street did not lead people down the path to foreclosure! They went willingly and on their own!

In this market place of full disclosure there is no way Wall street can be held accountable for an individual's greed and poor judgment.

This is nothing more then another SLICK way to bye votes and further a socialist agenda.

I'd rather have a Mormon then a Moron in the White house. I'm not sure of her religious leaning but I have yet to see Hillary attend church in Utah!

Kate, Aurora CO   December 6th, 2007 12:13 pm ET

I know this sounds harsh and insensetive but personally I don't think people should be given any special assistance with their mortgages. In order to sign a mortage one has to be of legal age and able to read. No one was forced into a mortgage, they were greedy and drove up the market so much that people like me (who knew better) could not afford a home. I did my homework and saw what a bad idea the adjustable mortgages were. I met with lenders but knew that what they were saying (I could get a $650K home) was not right, so I left. What happened to personal accountability? I feel no sympathy for people who didn't bother to do the math or read between the lines. They bought into a home they could not afford and now must face the consequences of their selfish decisions.

Steve in SC   December 6th, 2007 12:12 pm ET

WE love you Clinton. You are awesome. WE stand behind you w/our minds hearts and souls.

Posted By Hillarylover in SA

Funny, I heard the same praise about Saddam back in the day! I wonder who are the "WE" bacause it ain't "ME"! Can you say BAAAAAAAAH?

just wondering   December 6th, 2007 12:10 pm ET

Mother hen is there to save you from personal responsibility - you signed into an adjustable mortgage - yep….she's there to save you from that - not paying your bills that you agreed to pay…yep….she's there for you too - didn't seek employment with a company that provides health benefits (i.e. Walmart, Staples, Starbucks) - yep…she's there to save you too…all with free money…because nobody has to pay for anything….its all free…and don't let those evil Republicans tell you that you have to take care of yourself….mother hen will….omg….whats wrong with you people??

Posted By Chris, Middletown, CT : December 5, 2007 5:12 pm

Hey Chris,
Did you read the sentence in the article about how similiar her plan is to that of Pres. Bush? If you want to be critical of Hillary then shouldn't you critisize her copying Bush's plan instead of the plan itself..which..again is very similiar to Bush's plan.

need more than bailout   December 6th, 2007 11:59 am ET

Since my arms were twisted when I purchased a house with subprime mortgage, I think the government should not only freeze my mortgage rate but also guarantee that my house should appreciate at least 20% a year. Since prices have doubled in the last 3 years in my area, it is only fair.

RIghtyTighty   December 6th, 2007 11:57 am ET

Oh…, and did you see that lovingly fatherly figure he displayed on Ellen's show.

Personally, I was hoping he would threaten to send Dick down there to straighten Ellen out…., pun intended.

Anonymous   December 6th, 2007 10:54 am ET

If she's for it now, she's against it later..

xtina chicago IL   December 6th, 2007 10:27 am ET

No way should the government bail anybody out. These people sat down with the bank and signed all kinds of disclosures. If they didn't qualify for the loan, it should not have closed.

Will the government next bail out people who have been "victimized" by high credit card rates?

Bill Fairfax, Va.   December 6th, 2007 10:07 am ET

All of these subprime bailout plans are outrageous. Didn't people sign contracts? Can't our "leaders" see that this makes all those who opted for fixed rate mortgages look like dupes? Let the system work! Let housing prices drop to rational levels! Mind boggling…

Raymond, El Paso TX   December 6th, 2007 9:03 am ET

Borrowers were dumb for taking a risk on the types of loans that were being offered.

The mortgage industry was even more stupid because they ignored past loan qualification practices and the risks yet still made the loans.

Investors were stupid because their greed made them take risks just to make a quick return.

I think there's more than enough blame to go around but I'm willing to bet, in the end, corporate welfare will prevail and the American middle-class will be stuck with the bill …again!

Seam, Philly PA   December 6th, 2007 9:00 am ET

Hillary, Bush has already signed a deal to handle the mortgage crisis. His plan may or may not help, but your plan is irrelevant at this point. Try tackling another issue.

Anonymous   December 6th, 2007 8:25 am ET

My interest rates are getting ready to go down again next week. Maybe even by a half a point!! Please think before you speak Hillary..

BCNU purple state, usa   December 6th, 2007 8:20 am ET

Two words, baby!

Cattle futures!

JB Boston MA   December 6th, 2007 8:11 am ET

For all of the bad things going on in this world, I BELIEVE THIS IS AN EXAMPLE OF THE BIGGEST PROBLEM.

NOBODY TAKES RESPONSIBILITY FOR THEIR OWN ACTIONS.

"It's not my fault, so let's hold someone else responsible". In this case the taxpayers have got to bail these idiots out.

You signed the paperwork, you are responsible. End of story!

You can make excuses all you want, but this just perpetuates the feeling that someone else is repsonsible for everything bad that happens.

I bought a bad stock this year. Can the government make up for my losses?

This country is going to fall apart unless people start taking responsibility for themselves.

Hillary and Bush are on the exact same page here!

Democrat Sheep, USA   December 6th, 2007 7:13 am ET

baah, baaaaaaaaah….
I love Hillary! baaaah..
George Bush is evil, baaaahhh…

Lou, Williamsburg, VA   December 6th, 2007 6:50 am ET

Hillary, you don't look so Presidential to me by hurriedly coming out with your so-called "plan" after the WH said it was soon to release there's. You look reactive, NOT proactive as you probably sought to appear. BTW, I don't see much difference between your's and Bush's, except for the moritorium on foreclosures.

Darren Miller NH   December 6th, 2007 6:48 am ET

Just read the posts by obama suppoters, if you wanna good laugh! its clear his fan base is the not so educated.

Marcie C. NH   December 6th, 2007 6:46 am ET

Great Hillary, another perfect example of how she is the ONLY one out there giving solutions to our problems instead of the jealous guys like obama and Edwards who only play the name calling game. SHE IS TRYINGTO SAVE YOUR HOMES PEOPLE WISE UP!!!

Yes, Hillary has to DEFEND herself from these attacks; otherwise voters might believe that obama crap!
just wait, obama will come out in the next day or with a proposal very close to Clintons, he cannot come up with anything on his own. He doesn’t know politics yet… Also can someone explain what’s wrong with Oprah? how can her support not be based on Race… And she is one of the out spoken personalities who was against race and gender biased, it’s what helped propell her to the wealth she has today, what a true shame is now her True colors have shown and I think it will effect her viewers in time. Wise up daytime woman viewers…Id never watch or support anything Oprah has a hand in ever again…

Linda Smith --Monroe,Lousiana   December 6th, 2007 3:08 am ET

GO HILLARY , I ADMIRE YOU I BFCAUSE YOU ARE A WOMAN.SO KEEP THE GOOD WORK UP.WE WANT SOMEONE WHO IS STRONG AND IS GOING O LEADUS AND I FEEL THAT YOU HAVE THE POTENTIALS.I ADMIRE O BOMBO BUT FEEL HE IS NOT READY.

Joe, Mt. Laurel, NJ   December 6th, 2007 12:04 am ET

This plan is a horrendous idea. All it does it defer the collapse a few years. Most of these people cannot afford a higer rate. PERIOD. It's Bush's attempt to keep the collapse from being during his persidency. Let the next guy handle it right? Just like social security. Just like healthcare.

If someone is in that much risk from this type of reset, they cannot afford wher ethey live. They will sell the house rather than having it foreclosed. It will not home sales or property values. It will help the banks, that's it. It will also keep property values high so the government can continue to collect high property taxes. Funny how the 5yr plan puts the reset towards the end of the next administration.

So if I take out a risky ARM now, can I get in on this deal?

S. Wright   December 5th, 2007 11:53 pm ET

Caveat Emptor.

I remember when that used to mean something, but that statement remains for a generation that took responsibility and were accountable for their decisions.

Tired of Corruption LV   December 5th, 2007 10:51 pm ET

Senator Obama put one out quite some time ago - Hillary follows as usual and of course in Bush's footsteps.

She also follows Bush when it comes to going to war in Iraq and war mongering with Iran even though reports show that Iran closed it down in 2003.

What a leader!

Kojo, Minneapolis,MN   December 5th, 2007 10:46 pm ET

This is what I want to hear instead of the crap that I listen to daily. The 2008 elections is becoming more about nothing than isuues that affect people. Hardly do you hear about health care, education, jobs,the economy etc. I believe that people should listen carefully to Clinton. Great ideas! Go Hill.

Jesse, Burnsville, MN   December 5th, 2007 10:43 pm ET

Gee Lev, you say you don't know who you're going to support in the election and then you go on to say "you go girl". You sure sound like one of her brainwashed followers. Sure Clinton has ideas for everything, including both sides of everything.

Obama '08

Jose Card   December 5th, 2007 10:39 pm ET

Why does Rove want to help Obama to beat Hillary?
Perhaps she is too similar to the Republicans and it is harder to attack yourself in the general election.

The Chinese are big holders of our mortgage notes. Is Hillary saving her friends or the over-extended homeowners with our money?

"Ask not what your country can do for you — ask what you can do for your country."

Remember?
When will another Democrat start talking about responsibility?

Alice, VA   December 5th, 2007 10:17 pm ET

Just like Democrats to think the American taxpayer has to bail their *ss out because of their own ineptness and lack of discipline. Whatever became of personal responsibility?

Jody Reno, Nevada   December 5th, 2007 10:14 pm ET

There is no doubt that the Whacko Republican, mad dog, bloggin' wing nuts are the ones posting all the anti Hillary crap.

Get a life you loosers.

Read her proposed legislation before you get the mouth runs.

Oh yes, I forgot, you're staying on message.

Heaven forbid that you think for yourselves and get your heads out of the holes they're stuck in.

Hillary 08! For the change we so need in this country.

Oh yeah, and you Barak Abama loosers, there's enough room under Oprah's skirt for all of you to jump under there with him.

WaaaHooo

Ty Web - Bushwick, NE   December 5th, 2007 10:03 pm ET

This is nothing more than campaigning to the headlines.

It should not be the Government's responsibility to help people who have made bad investments or choices.

When you go to a closing, you have an attorney with you, they read the mortgage and the contract. I am sorry that these people are losing their homes, but it is buyer beware.

Charles in Salt Lake City, UT   December 5th, 2007 9:59 pm ET

I didn't realize Hillary Clinton even knew what a mortgage was — at least not from any practical, first-hand experience.

Could any person be more disassociated from real people?

Tom Dedham, Mass   December 5th, 2007 9:58 pm ET

How about a bit of compassion for your fellow human being. No doubt you are a republican.

Posted By r sisk, nevada : December 5, 2007 6:00 pm

Typical uneducated answer "r sisk".

MANY studies have disproven your little liberal myth that Republicans only care for themselves when it has been PROVEN that Conservatives give FAR MORE TO CHARITIES and causes than liberals.

Liberals are free with OTHER peoples money to pay for the causes that they "cherish".

Two things here, Clinton AGAIN thinks it is 1992 and they can say anything and not expect any questions, the FACT IS THAT GEORGE BUSH just proposed this type of plan.

Aagin she is copying someone else, not exactly a leader.

I am like many others that think that it is WRONG for the Government to bail idiots out for signing a contract that they had NO business signing.

Offer some help, but don't BAIL THEM OUT.

Clinton's idea will ckoke the economy as it expands the Governments involvement to broadly and for to long.

Charles in Salt Lake City, UT   December 5th, 2007 9:55 pm ET

I didn't think someone like Hillary Clinton knew what a mortgage was — at least not from any practical, personal experience, anyway.

Could any person be more disassociated from real people on almost every level?

ARRRRRRRGH DC   December 5th, 2007 9:51 pm ET

wow! she responded to that slower then Bush did Katrina. I guess after a million plus foreclosures it is finally time to come up with a "plan".

taylor , covington ky.   December 5th, 2007 9:17 pm ET

Hillary so has got a stylist ! No way would she wear those bright colors and accessories if she wasn't being told to. IT's all so manipulative………..

Len, Fallbrook, CA   December 5th, 2007 9:07 pm ET

"Every person should be able to own a home in the country."

I can't make the payment on my SUV!

Hillary help me because every person should be able to own an SUV in the country.

I can't make the payment on my wide screen TV!

Hillary help me because every person should be able to own a wide screen TV in the country.

Pass me more of that gummerment cheese……..

xtina chicago IL   December 5th, 2007 8:39 pm ET

Well, I can see both sides. If I was in a bind, I'd look for help wherever I could get it. But when people get a mortgage they sign all kinds of disclosures and go through these papers one by one with the mortgage officer and closing officer. Why should the government bail them out?

GOOD LUCK,La.   December 5th, 2007 8:33 pm ET

GET USE TO IT. THE NEW SOCIAL HILLARY ORDER. NOONE HAS TO WORK IT'S ALL GIVEN TO YOU AND YOUR FAMILY. YOU DESERVE THIS.I LOOKING FORWARD TO 2013 ALREADY!! WE WILL SPIRAL DOWN FAST!!!!!!!!

knows what an ARM is   December 5th, 2007 8:20 pm ET

Lenders did nothing illegal, it's the person's fault for not understanding what an adjustable rate mortgage is when they signed on the dotted line.

The government should not bail out people who can't read contracts they signed. All it will do is hurt the entire US economy and get us deeper into recession.

Skip, Nebraska   December 5th, 2007 8:03 pm ET

Who is stupid enough to buy a house without knowing the risk of an ARM? Must we have taxpayers bail out our citizens at every opportunity? These people screwed up, plain and simple. If they didn't know that there could be a big price to pay for their low initial interest rate, they had no business buying a home in the first place.

a.thomas, new york, ny   December 5th, 2007 7:55 pm ET

Hillary's initative and leadership on this mortgage plan sets herslef apart from other candidates. In my view, it will never dawn on other candidates on this mortgage issue. She is simply more experienced and surrounded herself with qualified advisors.

I realise that other candidates' supporters may take an negative view toward her plan. Then again, it is just jealousy.

BTW, the latest polls show that Hillary is ahead by 24 points in south carolina and nationally.

Hillary 08.

Frank Virginia Beach VA   December 5th, 2007 7:47 pm ET

Watch it! Clinton and money - it's gotta be illegal or stolen.

Anonymous   December 5th, 2007 7:45 pm ET

A few weeks ago in a debate, Hillary said that the want a freeze on US trade agreements. The moderator asked her if she would support the Peru Trade Agreement, she said ‘No’. Today on CNBC she said that she does support the agreement. Does anyone know where Hillary stands on any issue?

subprime borrower   December 5th, 2007 7:35 pm ET

What if they freeze the mortgage interest rates for 5 years and interest rates come down during that time? Would the taxpayers then pay the subprime borrowers for the difference?

Sternberg, Mauldin, SC   December 5th, 2007 6:56 pm ET

If they freeze the mortgage rates for five years, who is going to make up the difference between what it costs the Mortgage companies to borrow that money to lend out, at rates that vary with the market, and those fixed rates, they will be stuck collecting?
It will be added into the new loans made to each of us on our fixed rate mortgages.

Steve Chicago IL   December 5th, 2007 6:50 pm ET

I love the sheep that log on to comment about their love for Hillary.

"At least Senator Hillary Rodham Clinton wears her own skirt and comes up with a comprehensive plan like this and makes headlines- Bravo!"; "Good, At least she did think of this! I admire her"

You people personify what this country lacks, the ability to think for itself. This plan only hurts you unless you bought more house than you could afford and financed with an adjustable rate that is about to overextend you. But Bravo Hillary for creating a bailout and releasing it to the media. You people are the same folks that bash the war that we are in because too few people thought for themselves about the consequences (including Hillary) before voting. The irony is think, pungent, and hilarious. Boy does this country need a change.

Also, Hillary, way to create a plan that looks increasingly similar to that of the hated GW Bush.

John, Dayton, Ohio   December 5th, 2007 6:46 pm ET

Utterly Amazing - NOT! First, pandering to all of the illegal aliens by promising drivers' licenses (and presumably the right to vote) and now all of the subprime loan homeowners! Outrageous! So, if Ms. Rodham is offering taxpayer assistance to those that CHOSE to buy a house that they either couldn't afford or had no business of purchasing in the first place, how about a rebate for all of those paying FIXED interest mortgages???????? I sure would have liked to have paid several thousands of dollars less each year!!!! Come on Hill, how about a rebate for the rest of us? I'll vote for ya!

Steve, Chicago IL   December 5th, 2007 6:39 pm ET

I love the sheep that log on to comment about their love for Hillary.

"At least Senator Hillary Rodham Clinton wears her own skirt and comes up with a comprehensive plan like this and makes headlines- Bravo!"; "Good, At least she did think of this! I admire her"

You people personify what this country lacks, the ability to think for itself. This plan only hurts you unless you bought more house than you could afford and financed with an adjustable rate that is about to overextend you. But Bravo Hillary for creating a bailout and releasing it to the media. You people are the same folks that bash the war that we are in because too few people thought for themselves about the consequences (including Hillary) before voting. The irony is think, pungeunt, and hilarious. Boy does this country need a change.

Also, Hillary, way to create a plan that looks increasingly similar to that of the hated GW Bush.

Jessica M., El Paso, Texas   December 5th, 2007 6:26 pm ET

You know what, while I understand what everyone is saying, we need to bail these people out for the greater good of the US economy. Anyways, would you rather pay for housing and food for millions that could be displaced by foreclosed homes? You guys are starting to sound like a bunch of Republicans.

Jon, Lubbock, TX   December 5th, 2007 6:08 pm ET

Plagiarizing used to get you kicked out of school. Can it get you kicked out of an election??

Darth Vadik, Glendora CA   December 5th, 2007 6:08 pm ET

If President Bush and his possey would have regulated these PREDATORY lenders, we woulden't be in this mess.

Thank you President Bush, and to all of you who voted for him. I hope you're not losing your house because of it. I guess you reap what you sow. Maybe that tax cut will help you out, oh wait a minute, you didn't make enough to get a tax cut.

To all of you who didn't vote for Bush and are losing your house, hang in there somehow, help from the Democrats is comming.

r sisk, nevada   December 5th, 2007 6:00 pm ET

Horrid. Ridiculous. WRONG!

People signed up for these mortgages, read the paper work, were explained the terms, and then made the decision to buy them. Homeowners with ARMS and the investors that backed these loans SHOULD pay the price and lose a lot. If we remove risk from the investing system, then it is as much a scam as everything else in Washington. These people made choices, some of these loans are jumbo loans, homes worth hundred's of thousands of dollars. People with half million dollar homes DO NOT DESERVE A BAIL OUT!
Posted By J Houston, TX : December 5, 2007 4:01 pm

I would expect such a comment from a Texan. Let's see, in Houston you can get a new home for 90,000. I would think it is safe to say that the foreclosure rate there is relatively low. There are many parts of this country that the average home price is a half a million dollars. Coming up with $100,000.00 for a down is next to impossible so it's no wonder many people are in foreclosure due to the "wonder" financing made available. Every person should be able to own a home in the country. How about a bit of compassion for your fellow human being. No doubt you are a republican.

Alex   December 5th, 2007 5:58 pm ET

Why are are american's so arrogant, so if the goverment don't come in and help here, you the very smart ones will start leaving on an island where the subprime problems will not affect you right!!!!!

Taylor, Washington, D.C.   December 5th, 2007 5:57 pm ET

WHY DO WE BAIL PEOPLE OUT FOR BEING STUPID???

I'm going to be buying my first home soon and its been sickening watching prices skyrocket. Let the market work this out and punish those behaving irresponsibly!

Len, Fallbrook, CA   December 5th, 2007 5:55 pm ET

Bail out people who were too stupid to read what the bought.

5K for every newborne child, that will help decrease illegal immigration.

Health Care no matter if you like it or not.

Licenses for illegal immigrants, suspect amnesty will follow that.

Experience by osmosis.

I don't think so………..

Lev Klinemann, Redondo Beach CA   December 5th, 2007 5:54 pm ET

I am very ticked-off at a lot of people for bashing Hillary, I'm talking about Democrats, I could care less what Republicans thought about Hillary.

I don't know yet which Deomcrat I will support this election, but it seems to me that Hillary is the only one who has answers and ideas for eveything.

…EVERY SINGLE THING…

You know what Hillary, don't take any crap from anybody…

…you go girl.

Norm Seattle, WA   December 5th, 2007 5:53 pm ET

Why are her plans always so copy-catish? Can this woman not come up with anything on her own?

What's worse: she's a copy-cat of the worst president in US history.

Yeah, I think I'll vote for her.

Kevin (Houston, TX)   December 5th, 2007 5:50 pm ET

Its a shame that the government acts as a net for those who made stupid bets on real estate and now find themselves unable to afford their ARM. A dream house is such…a dream that many are unable to afford. If Americans are not smart enough to understand what they can afford, then the government should invest in education. It should not act as a stop gap for bad investments. That type of behavior just encourages future bad investment with the expectation of another government bail out.

Shawnie - Grants Pass, OR   December 5th, 2007 5:49 pm ET

Hillary, someone already beat you to it. Old stuff.s

Ryan Indianapolis   December 5th, 2007 5:47 pm ET

Hey moron this is exactly what Bush has already proposed…..What an idiot

charlie houston texas   December 5th, 2007 5:47 pm ET

Ridiculous!! The government is not bailing these people out. You and I are. Where do you think these billions of bail out $$ come from? The Fed will print more money for the banks. Inflation will go up. The dollar goes down. That means you and I just got robbed because my $100 is now worth $90. Hillary, get your grubby hands out of our bank accounts.

N.E. Onebuthil   December 5th, 2007 5:44 pm ET

If you want a continuation of the Bush Administration - vote for a Republican or Hillary.

If you want change - Obama is your candidate.

DillaryClinton   December 5th, 2007 5:43 pm ET

Great, let's make everyone that was smart enough to not buy ridiculously over-priced homes with loans they could not afford pay for the idiocy of the others. This is your typical socialist band-aid solution that just ends in more problems. We need to flush this toxic loan crap out of the system not encourage it!! The smart people will end up waiting many more years to buy now because the real estate market will take even longer to correct itself!

Ellis, Brown University RI   December 5th, 2007 5:40 pm ET

well, at least CNN is finally covering some policy-related items and not just the gossip lives of politicians

Obama '08

demwit   December 5th, 2007 5:39 pm ET

Lock in your ARM, I mean 5 year fixed/ARM morgage today..

Matt, Northern Virginia   December 5th, 2007 5:32 pm ET

Awesome! So those of us responsible enough to know how much house we can afford and didn't over extend ourselves get penalized for thinking things through, and yet the folks who overextend themselves are taken care of yet again. Fantastic. Why don't we just eliminate their loans and give them the houses while we are at?

Or how about we finally make people be responsible for living beyond their means. Maybe we make the financial industry liable for making loans to people who shouldn't have been loaned money in the first place.

Where has responsibility gone in this country?

Jeff Spangler, Arlington, VA   December 5th, 2007 5:29 pm ET

As Bill Maher observed on Larry King several months ago, "who would've thought it was a bad idea to give mortgages to people with no money?" Let the dimwit mortgage bankers take their hit, and let the market take care of the people who never should've been approved for homes they never could afford.

tired of corruption lv   December 5th, 2007 5:23 pm ET

Wow, sounds a lot like Bush's outline.

therealist   December 5th, 2007 5:18 pm ET

I wonder when Hillary is planning on going back to work and actually passing a comprehensive budget? What did we pay this 110th Congress 108 million dollars for this year??

notothenannystate   December 5th, 2007 5:16 pm ET

I know that I couldnt afford the payments on a $500K, I could only afford the payments $100K, but Im entitled to the best of everything, how are you going to protect me from myself hillary.

Chris, Middletown, CT   December 5th, 2007 5:12 pm ET

Mother hen is there to save you from personal responsibility - you signed into an adjustable mortgage - yep….she's there to save you from that - not paying your bills that you agreed to pay…yep….she's there for you too - didn't seek employment with a company that provides health benefits (i.e. Walmart, Staples, Starbucks) - yep…she's there to save you too…all with free money…because nobody has to pay for anything….its all free…and don't let those evil Republicans tell you that you have to take care of yourself….mother hen will….omg….whats wrong with you people??

Anonymous   December 5th, 2007 5:08 pm ET

Bush lite

Maddog, Charlotte   December 5th, 2007 5:03 pm ET

Hmmm…her plan is similar to the Bush proposal…I've heard this before.

I wonder if she got inside information from Rubuen who is heading Citibank and was the Secretary of Treasury under Bill Clinton.

Great idea…disrupt the markets and screw investors!

NoMoClintons   December 5th, 2007 5:00 pm ET

For every problem, Her Royal Thighness has a gov't plan to fix it. She doesn't have a fricking clue but to get gov't involved in every aspect of our lives. Let the market forces deal with the mortgage issue. By the time the next president gets in (hopefully not Queen Hillary!), the credit crunch will be old news.

Julia - Madison, WI   December 5th, 2007 4:51 pm ET

Ummmm, Juan … What exactly is your point?

Alice, Seattle, WA   December 5th, 2007 4:47 pm ET

A moritorium on foreclosures? How deep Hillary! Perfect for your entitlement crazed constituents.

Angela, Miami, Florida   December 5th, 2007 4:42 pm ET

Good, At least she did think of this!
I admire her

Anonymous   December 5th, 2007 4:40 pm ET

Are we all going to be mandated to get a loan for a house from one lending company too?? Idiot!!!

Anonymous   December 5th, 2007 4:39 pm ET

ahahahahasha, a great president!? hahahaah

TB, FL   December 5th, 2007 4:39 pm ET

Dear God she's is thinking again! This could be trouble!!!

Dave   December 5th, 2007 4:33 pm ET

Wonder if this plan will turn out like her plans for healthcare during the first Clinton administration.

Hillarylover in SA   December 5th, 2007 4:28 pm ET

WE love you Clinton. You are awesome. WE stand behind you w/our minds hearts and souls.

kilan davidruguez   December 5th, 2007 4:26 pm ET

At least Senator Hillary Rodham Clinton wears her own skirt and comes up with a comprehensive plan like this and makes headlines- Bravo!
On the other hand Senator Barack Hussein Obama has to hide under Oprah's skirt to get votes and make headlines!

Dennis, Fairfax, VA   December 5th, 2007 4:22 pm ET

Terrible idea. Let's bail out all those who made stupid decisions, and punish those who made smart ones.

Michael, Torrance, CA   December 5th, 2007 4:14 pm ET

Same old socialist thinking by the democrats; "Here we come to save the day". So if anyone has a problem, just call the democrats and they'll solve it for you. You can't legislate change every time someone or group has a problem. The free enterprise system will work things out on its own.

Eric Samuels Sacramento CA   December 5th, 2007 4:11 pm ET

It is not the governments job to help people who make foolish financial decisions. According to Hillary there is nothing Government can's or should not do. Hey Hillary pay off my credit card bills for me I made a mistake charging too much.

Jon B Olathe KS   December 5th, 2007 4:08 pm ET

Now if only Hillary would raid the federal reserve instead of my pocket…

Kevin, Baltimore MD   December 5th, 2007 4:02 pm ET

This mortgage rate freeze will be horrible for everyone. Think about it. If you are an investor that bought mortgage backed bonds from Bank of America to fund mortgages expecting to get certain rates and now the government is renegotiating your contract are you likely to lend again???? No, and if you do invest it will be for much higher rates of return. We are going to see mortgage rates in the future go much higher and the result will be falling real estate prices because it will be more expensive to buy a house. Hillary, Bush or whoever puts a rate freeze into action will effectively punish everyone just to help out the irresponsible. Sounds fair doesn't it?

J Houston, TX   December 5th, 2007 4:01 pm ET

Horrid. Ridiculous. WRONG!

People signed up for these mortgages, read the paper work, were explained the terms, and then made the decision to buy them. Homeowners with ARMS and the investors that backed these loans SHOULD pay the price and lose a lot. If we remove risk from the investing system, then it is as much a scam as everything else in Washington. These people made choices, some of these loans are jumbo loans, homes worth hundred's of thousands of dollars. People with half million dollar homes DO NOT DESERVE A BAIL OUT!

Tom, ALBUQUERQUE, NM   December 5th, 2007 4:00 pm ET

Way to go to bat for the American people. The future President will be a welcomed, smart, compassionate leader to the people of this country, all the people. I can hardly wait for Hillary"s inauguration because I know it will be the advent of a better America. The malaise that now permeates this country will begin to lift as soon as Bush exits the Whitehouse.

AJ, IL   December 5th, 2007 3:58 pm ET

Hillary here is a news flash! You are not currently the President. How safe is that? Issuing a proposal for the sub-prime mortgage debacle which some say is similiar to Bush's yet to be issued one. Hillary your proposal should be issued on the senate floor for immediate review, not in the public media in which it has no chance to pass.

Kimberly Fraizier,Tebbets Mo   December 5th, 2007 3:56 pm ET

I think Hilary Clinton would make a great Democratic President!!!!!!

anon, new york, NY   December 5th, 2007 3:53 pm ET

Now, that is leadership that Obama & his supporters can only envy.

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