No down payment, no mortgage former treasury secretary urges

 
By The Associated Press
Published: November 1, 2008

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...


You have selected to view an article that is older than 60 days. There are several ways to unlock access to NewsOK historical content.

Please sign in. (You might already have access)


If you are a print subscriber to The Oklahoman, activate your Digital Pass for free access.


Purchase any of The Oklahoman's digital products (digital replica, archives, iPad and smartphone apps), and access to historical NewsOK content is free.