Dude doesn't say anything on the housing issue for months and months and then today he comes out and is the smartest guy in the room? Hmmm... Looks like some of McCain's advisors are reading HP. Hello McCain advisors!
So Bill (oops, I mean Hillary) Clinton weighed in yesterday, and if she had her way billions and billions more would be stupidly and wrongly spent bailing out housing gamblers and failed flippers, and the guy who caused the mess (Greenspan) would be leading her committee to get us out of the mess.
So that leaves Obama. Let's see what he has to say, 'cause he hasn't said much yet. But as of this moment, when it comes to the housing crash and what to do about it, with today's speech, McCain is far and away in the lead.
And come November, as we've predicted here for years, the Great Housing Crash will be the #1 issue on everyone's minds as they step into the voting booth.
McCain offers tough love on housing woes
"In our effort to help deserving homeowners, no assistance should be given to speculators," McCain continued.
"Any assistance for borrowers should be focused solely on homeowners, not people who bought houses for speculative purposes, to rent or as second homes. Any assistance must be temporary and must not reward people who were irresponsible at the expense of those who weren’t."
He then called for homeowners to be required to put down payments on homes, for lenders to raise standards, and for all those involved to move to more transparency