Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Sunday, 11.23.2014
Classifieds
News Archive
Su Mo Tu We Th Fr Sa
 1
 2  3  4  5  6  7  8
 9  10  11  12  13  14  15
 16  17  18  19  20  21  22
 23  24  25  26  27  28  29
 30  31
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local




Members Of



Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Mar 25,2008
McCain: No easy housing crisis bailout
by UPI

SANTA ANA, Calif. - Sen. John McCain, the presumptive Republican U.S. presidential nominee, Tuesday blamed lender complacency, in part, for the current mortgage crisis.

The Arizona senator called for more transparency in lending and higher capital reserves for lenders. He also called on homeowners to provide responsible down payments -- suggesting that the Federal Housing Administration consider increasing its minimum down payment "as conditions allow."

He told the Santa Ana, Calif., crowd he would not play "election year politics" with the housing crisis, saying he would evaluate all proposals that cross his desk if elected president.

"I have always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers," he said.

Any assistance program would be focused solely on responsible homeowners, not for speculators, rentals or second homes "and it must be temporary."

© 2008 United Press International. All Rights Reserved.

919 times read

Related news
Clinton outlines housing initiative by UPI posted on Mar 24,2008

No time to waste by The Milwaukee Journal Sentinel posted on Jan 25,2008

Another small step by The Milwaukee Journal Sentinel posted on Feb 15,2008

More lifeboats by the St. Louis Post-Dispatch posted on Dec 14,2007

Modifying home loans by The Milwaukee Journal Sentinel posted on Mar 14,2008

Did you enjoy this article? Rating: 4.95Rating: 4.95Rating: 4.95Rating: 4.95Rating: 4.95 (total 40 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County
Fairgrounds

Tower Theatre
Tower Theatre

The High Desert Museum

Advertisements



Deschutes County

Google  
  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
Advertisement
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?