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Housing
Home prices are declining and foreclosure filings are skyrocketing. Several prominent companies that engaged in volatile sub prime loans have gone bankrupt or have been bought out, while the people they loaned money to are faced with mortgage bills they often cannot pay.
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DEMOCRATS
Barack ObamaProposes creating a $10 billion fund to help prevent foreclosures, eliminate some taxes and fees for families who must sell and offer counseling to homeowners. Announced a "credit card bill of rights" to provide disclosure of hidden credit costs. Would provide tax credits to 10 million middle class homeowners who struggle with mortgage costs. CNNMoney: More on Obama and mortgage fraud | Mortgage giant rescue | Foreclosures |
Watch Obama speak about the mortgage crisis
OUT OF THE RACE: Joe Biden | Hillary Clinton | Chris Dodd | John Edwards | Mike Gravel | Dennis Kucinich | Bill Richardson
REPUBLICANS
John McCainWould consider greater intervention by the federal government to limit effects of mortgage crisis if current measures fail. Believes a government bailout should only be a last resort.CNNMoney: More on McCain and mortgage fraud | Mortgage giant rescue | Foreclosures |
Watch McCain speak about the mortgage crisis
OUT OF THE RACE: Sam Brownback | Jim Gilmore | Rudy Giuliani | Mike Huckabee | Duncan Hunter | Ron Paul | Mitt Romney | Tom Tancredo | Fred Thompson | Tommy Thompson
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The issues that make up American politics have many voices. Here are a few governmental organizations, interest groups and companies from across the political spectrum that are actors in the debate over how best to resolve the housing crisis.
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