Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

8 of 22
BACKNEXT
Mortgage Giant Rescue
Mortgage Giant Rescue
Obama supported the federal government takeover of the mortgage insurance giants, since they're central to the housing market.

· Wants to void any inappropriate windfall payments to outgoing CEOs and senior management.

· Says shareholders should not benefit in takeover.

· Had said companies should either operate as goverment agencies or as private businesses.

"I recognize that intervention is necessary to maintain liquidity for the housing market so that homeowners can continue to get affordable mortgages and homes can be bought and sold in neighborhoods across the country." -- Obama*

NEXT: Mortgage Fraud
Last updated November 06 2008: 11:36 AM ET
Source: * Sept. 9, 2008 letter to Treasury Secretary Henry Paulson and Federal Housing Finance Agency Director James Lockhart

More Galleries
Millennials are shaking up these 7 industries Nearly half of Millennials plan to start their own business within the next three years, according to a recent survey. More
How to enjoy Paris like a local Leave the tourist trail behind and enjoy wine, gastronomy, perfume, art, dance like a Parisian. More
Playboy founder Hugh Hefner through the years Cultural icon Hugh Hefner pushed barriers with his controversial Playboy magazine. He died at the age of 91. More

Special Offer