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Candidate Positions on Housing crisis

The following positions reflect those used for each candidate in the Select A Candidate survey. They come from the candidates; public statements, Web sites, and responses to Minnesota Public Radio questionnaires. In some cases, candidiates have failed to respond to inquiries, and their position is noted as "No known opinion."

Question: What do you think should be done -- if anything -- in the wake of the near collapse of companies specializing in subprime mortgages, and the foreclosures of homes?
Glen MenzeGlen Menze ANSWER OPTION: I would like to see a bailout package that would restructure existing subprime mortgages. If a homeowner can't refinance because the value of the house has plummeted, the government could step in to fill the gap between a home's existing value and the original value when the mortgage was taken out.
 CANDIDATE'S POSITION: Detroit Lakes Tribune (More Info)

Collin PetersonCollin Peterson ANSWER OPTION: The subprime mortgage industry should be regulated, but I do not support the $700 billion bailout package. The immense cost of financing a bailout will be passed along to future generations.
 CANDIDATE'S POSITION: Detroit Lakes Tribune (More Info)

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