WCBS Newsradio 880 Afternoon Anchorman Steve Scott
The foreclosure crisis has touched every state in the country, including Connecticut. Millions of Americans have homes that are "underwater" - they owe more than their home is worth. What, if anything, do you propose the federal government should do to help these people keep their homes?
Time remaining for our candidates to respond
“ Owning and maintaining a home is at the center of the American Dream, but loose mortgage rules, greedy financial practices, and an addiction to credit have turned that dream into a nightmare for millions of homeowners facing foreclosure. I supported the 2010 Wall Street Reform bill because it included the toughest new restrictions on abusive mortgages in a generation, and I have been supportive of federal efforts to help modify and rewrite existing mortgages to help keep people in their homes, but there's more work to be done.
“ Wall Street banks committed fraud by selling sub-prime mortgage derivatives at the same time they were betting against those derivatives with credit default swaps.