On Tuesday, in a CNBC exclusive, Dylan Ratigan spoke with Democratic frontrunner Senator Hillary Clinton about her plans for Wall Street should she win the White House. Would a President Hillary Clinton help or hurt your wallet?
Following are excerpts from Dylan Ratigan’s conversation with Senator Clinton.
Describe your proposal to regulate lending standards in an effort help families who are struggling to make their mortgage payments.
”Well, there are a couple of different ways,” answers Senator Clinton. “Obviously there's, the preliminary, period when someone is thinking about going into homeownership. I'm a huge believer in counseling. I think there is a role for nonprofits, local governments...”
“Are you suggesting that the basically that we have mismanaged the regulation of the mortgage industry at this point,” asks Ratigan. “And that we are now are suffering ills of that -- and government needs to effectively solve that problem?”
“I don't want you to put words in my mouth, replies Clinton with a smile. “I’ve said what I have to say.”