The next president is likely to restructure the home-financing industry as a result of current troubles in the housing and mortgage markets, but candidates have thus far not addressed those plans, leaving homeowners and financial markets "in the dark," former Bush administration chief economic adviser Lawrence B. Lindsey writes in a Wall Street Journal commentary. All "presidential candidates in both parties should be asked that same question. The financial markets and America's homeowners deserve to know the risks they face," he wrote. Lindsey is worried about a leading proposal being offered by Sen. Charles Schumer, D-N.Y., saying the bill "represents a regulatory and litigious approach to mortgage-market reform."
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