Republicans Go Easy On Subprime Perpetrators
Bankrate.com, not a far left website, reviews the prescriptions of the presidential candidates on the home mortgage credit crisis.
In what some might see as a role reversal, the Republicans are soft on crime and only the Democrats have detailed fiscal plans and aggressive law enforcement strategies. Romney, Huckabee, and McCain want to freeze interest rates but are vague as to what, if anything, they would do to help distressed families struggling to keep their homes. Obama and Clinton have multi-point plans to crack down on unscrupulous mortgage brokers; mandate accurate loan disclosure; and help reduce foreclosures by making chapter 13 work for homeowners.
In what some might see as a role reversal, the Republicans are soft on crime and only the Democrats have detailed fiscal plans and aggressive law enforcement strategies. Romney, Huckabee, and McCain want to freeze interest rates but are vague as to what, if anything, they would do to help distressed families struggling to keep their homes. Obama and Clinton have multi-point plans to crack down on unscrupulous mortgage brokers; mandate accurate loan disclosure; and help reduce foreclosures by making chapter 13 work for homeowners.
Labels: predatory lending




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