Hillary Clinton just held a press conference on Maiden Lane in the Financial District, where said she’d like to see “sweeping intervention” by the federal government to help people in danger of defaulting on their home mortgages.
Clinton said she’s joining Representative Barney Frank in calling for the creation of a modern-day equivalent of the “Home Owners Loan Corporation,” which was created in 1933 and saved a million homes, according to Clinton. A new corporation could save “three times” as many, she said.
The scene drew tons of spectators, many of whom seemed more interested in getting a photo of the state’s junior senator than hearing the details of what she had to say about stabilizing the housing, credit and financial markets.
Clinton said Bloomberg is "good person to seek advice from," but she added, sweeping her hand at the scene around her, “we have a lot of expertise here in Manhattan that we need to be calling on, and around the country.”