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Politics : THE WHITE HOUSE
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: GROUND ZERO™ who wrote (23507)10/8/2008 10:14:01 AM
From: DuckTapeSunroof  Read Replies (1) of 25737
 
Re: "but I think he probably didn't mean to say it... it makes no sense..."

I donno....

Turns out McCain has been thinking about / talking about having the government directly buy up and re-negotiate mortgages ever since the Spring, when he made a speech to the Orange County Hispanic Small Business Roundtable on March 25, 2008 suggesting it:

weblogs.baltimoresun.com

"The mortgage renewal idea actually originated with Senator Hillary Rodham Clinton, said Charlie Black, a senior adviser to Mr. McCain. And Mrs. Clinton, who proposed the idea in a recent newspaper column, borrowed it from a Depression-era New Deal agency, the Home Owner’s Loan Corporation":

Long History for Proposal on Mortgages by McCain

By JACKIE CALMES
Published: October 8, 2008
nytimes.com

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