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Published: November 1, 2008
No down payment, no mortgage former treasury secretary urges
LEXINGTON , Ky. — President Bush ’s first treasury secretary said Congress should scrap plans for a new economic stimulus package and instead require that no future home mortgage be awarded without a 20 percent down payment.
Paul O’Neill said this week it doesn’t surprise him that neither presidential candidate has endorsed his position, but he insisted it is the best way to quickly improve th...
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