Details weren't available Wednesday morning, but the Democratic presidential contender is scheduled to speak at 9:15 a.m. Eastern Thursday at Cooper Union for the Advancement of Science and Art in New York City.
Obama's speech on the economy will follow remarks made Tuesday by Republican nominee-in-waiting John McCain about the housing market, and housing market plans laid out by New York Sen. Hillary Clinton on Monday.
McCain said top U.S. mortgage lenders should provide "maximum support" to help cash-strapped but creditworthy customers keep their homes and called for greater transparency in the lending process.
Clinton is seeking a $30 billion emergency housing fund that would go to states and localities to help head off foreclosures, as well as backing other steps like a bill that would expand the government's capacity to guarantee mortgages that are reworked on affordable terms.
"The Clinton approach demonstrates, in our view, a clear preference to use government intervention in the mortgage markets," wrote analyst Brian Gardner of Keefe, Bruyette & Woods in a note on Wednesday.
http://www.marketwatch.com/news/story/obama-plans-major-speech-economy/story.aspx?guid=%7B6819193F%2D1033%2D4A6F%2D8C8F%2DECAE4FC61A6D%7D
Gordon has shared a link with you.
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Obama's speech on the economy will follow remarks made Tuesday by Republican nominee-in-waiting John McCain about the housing market, and housing market plans laid out by New York Sen. Hillary Clinton on Monday.
McCain said top U.S. mortgage lenders should provide "maximum support" to help cash-strapped but creditworthy customers keep their homes and called for greater transparency in the lending process.
Clinton is seeking a $30 billion emergency housing fund that would go to states and localities to help head off foreclosures, as well as backing other steps like a bill that would expand the government's capacity to guarantee mortgages that are reworked on affordable terms.
"The Clinton approach demonstrates, in our view, a clear preference to use government intervention in the mortgage markets," wrote analyst Brian Gardner of Keefe, Bruyette & Woods in a note on Wednesday.
http://www.marketwatch.com/news/story/obama-plans-major-speech-economy/story.aspx?guid=%7B6819193F%2D1033%2D4A6F%2D8C8F%2DECAE4FC61A6D%7D
Gordon has shared a link with you.
Blogged with MessageDance using Facebook
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