From the NYTimes:
Mrs. Clinton proposed creating a “high-level emergency working group” to devise ways to restructure mortgages at risk of default. And whom might she put on this elite squad? Two people whose track records on mortgages have come in for criticism lately: Alan Greenspan and Robert E. Rubin.Considering that Hillary is supposed to be the policy wizard candidate, this is a bit surprising. It seems as if her experience isn't so much a fact base that she is using to make better informed decisions, but rather a Rolodex of people that she can call to tell her what to do.
Mrs. Clinton was asked about her choice of Mr. Greenspan during an interview with the editorial board of The Philadelphia Daily News. According to Will Bunch, a senior writer for the newspaper and the author of the Attytood blog, this was her response, with emphasis added by Mr. Bunch:Not only that, but the Fed didn’t act while he was there. But he has a calming influence still to this day on Wall Street — don’t ask me why because I never understand what he’s saying — but nevertheless people respond to that Delphic oracle approach. I think it would be wise to include him. And recently he’s come out, and very smartly so, that we have to deal with housing and maybe we need to have some kind of buyout mechanism for mortgages. So he’s moved on his understanding and depth of the problem — but you know you could pick three others. You just have to have some demonstrable involvement of presidential leadership.