Tags: Boehner Marketplace Solution to Housing Crisis

Boehner: Marketplace Solution to Housing Crisis

Monday, 16 May 2011 09:30 AM

House Speaker John Boehner tells CBS' "Face the Nation," that government programs aimed at preventing mortgage foreclosures have failed, opining that the only real solution to the housing crisis is to wait "until we get our economy moving again," according to a report by CBS News.

boehner, housing, crisis"Over the last couple years, Congress has really set up four programs to help with those mortgage problems," Boehner explained to Harry Smith. "And unfortunately, none of those have worked. And all they've really done is dragged out the length of time for the market to clear the problems."

In March, House Republicans voted to terminate President Barack Obama's  foreclosure prevention program -- the $30 billion Home Affordable Modification Program.

"I was skeptical of these programs when they were approved," Boehner said. "I'm even more skeptical today that there's anything the government can do to resolve these problems."

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Pennsylvania Scout Leader Charged With Swiping $10K From Troops

Thursday, 29 Jan 2015 15:36 PM

A Pennsylvania scout leader has been charged with stealing more than $10,000 from a Cub Scout pack and a Girl Scout troo . . .

Fossilized Human Jawbone Could Have Ties to New Kind of Ancient Human

Thursday, 29 Jan 2015 15:15 PM

A fossilized human jawbone found in a fishing net in Taiwan’s Penghu Channel may hold clues to a previously undiscovered . . .

2 Chainz, Pot-Smoking Rapper, May Run for Mayor of Georgia Town

Thursday, 29 Jan 2015 14:34 PM

Rapper 2 Chainz is considering a run for mayor in his hometown of College Park, Georgia, the “Mercy” star told XXL Magaz . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved