Cross-posted at MyDD.com...
Monday evening I had the privilege to attend a meeting held in New York City for a small group of progressive bloggers by former President Clinton, ostensibly about the work of the Clinton Global Initiative.
But on the eve of the CGI conference, the former President used most of the hour-long meeting to discuss our current economic crisis, calling for a broader, more comprehensive federal response than what has so far been proposed by Bush administration officials.
Clinton pressed several times for progressives to use their leverage to demand more populist assistance and accountability in a larger crisis response - including a moratorium on foreclosures and the creation of a modern-day Home Owners' Loan Corporation, the Depression-era government agency that refinanced mortgages to prevent foreclosure.
To their credit, Clinton said, Paulson and Bernanke have done "about what they were supposed to do." But the current administration proposal doesn't do enough "to deal with the range of 'main street' issues" facing Americans, Clinton said.
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