Dodd's Plan for the Mortgage Crisis
by Melissa Ryan, Fri Aug 24, 2007 at 08:51:02 AM EDT
One thing I really like about Chris Dodd is his expertise and commitment to financial issues, especially when it comes to predatory lending. The mortgage crisis is a growing concern for me and I expect Dodd, both as my Senator and Chair of the Senate Banking Committee, to be a leader in facing it.
This week Dodd met with Secretary of the Treasury Henry Paulson and Federal Reserve Chair Ben Bernanke to discuss options. Today he released his own plan which includes steps for both immediate action and fundamental reform.
Over the past six years the Republican response to concerns about the economy was the housing market. Home ownership is up! Housing prices are going up! How can the economy be hurting when the housing market is doing so well? For some reason I haven't heard that particular talking point lately. I wonder why.
Make no mistake it took a long time to create this situation and any solution must also be long term. One of Dodd's biggest strengths as a candidate is his passion for fighting against predatory lending practices. There is no candidate I trust more to lead America out of the mortgage crisis.
Details of Dodd's plan after the fold.






