Detailed text transcripts for TV channel - FOXNEWS - 20100228:21:38:00
Scenario we have to decide who is really responsible for that. these particular homeowners in these cases, some of them stopped paying their mortgages as early of april in 2007. they say they were damaged. >> gregg: so that is overreaching under contract law. i got one question left for you. could the u.s. government enact an emergency moratorium on foreclosures. fdr shut down banks. i remember nixon instituted wage and price controls. could congress or the president claim that exigent circumstances demand a freeze on foreclosures to arrest the freefall? >> you know, that sounds sexy, but i th...
Source: news source