By Liz Claman
Can’t put down 20% for a house? TOO BAD, you’re on your own now. Former Treasury Secretary Paul O’Neill joined me on “Countdown to the Closing Bell” exclusively today to talk about a myriad of issues. He has some controversial thoughts on tax hikes for BOTH the rich AND poor, whether the U.S. Auto Industry should be bailed out, and why no one should be issued a subprime mortgage loan anymore.
O’Neill says we all need ‘tough love’ to get us out of this mess. Please watch all three clips. Whether you agree with him, here are some fascinating ideas from Paul O’Neill.
Filed under: Bailout, Bailout Opposition, Banking, Banking Crisis, Economy, Fannie Mae, Freddie Mac, Mortgage Crisis | Tagged: Economy, Financial Crisis, Mortgage Crisis, Recession, Sub-Prime Mortgages |