OOPS IT AIN'T OBAMA! Pay Attention Boys...this is how it's done. Sen. Hillary Clintons floor speech Thursday directly addressed our nations (and the worlds) financial crisis Senator Hillary Rodham Clinton released the following statement from her office in Washington, DC. As usual Senator Clinton understands the dangers of this once in a century crisis. She calls it the greatest market upheaval since the Great Depression. She did the following: called for swift and strong action to stem the growing credit crisis on Wall Street. Assailing the Bush Administration for ignoring repeated warnings of the growing crisis and failing to provide adequate oversight of an increasingly complicated market, Senator Clinton offered a series of bold, specific proposals, including creating a new version of the Home Owners Loan Corporation (HOLC) to restore confidence in the market, curbing the most damaging and manipulative trading practices, providing relief to homeowners facing foreclosure, and reasserting competent federal oversight. Watch Obama Cheat and Come Up with the Same Plan. But Hillary is already on Record while Obama is voting "Present" She outlined several proposals. Here is a list of her proposals: * Create a new entity to buy up and quarantine toxic mortgage securities that are dragging down the markets which would allow the markets to stabilize. Last spring Senator Clinton was among the first to call for a new entity modeled after the successful Depression-era Home Owners Loan Corporation (HOLC) or the Resolution Trust Corporation (RTC) created after the Savings and Loan crisis. In response, Senator Clinton outlined a series of proposals to address the crisis, a crisis she warned about during the primary: * Place a temporary moratorium on the most abusive stock transactions, many of which involve the short-selling of stocks. Yesterday, Senator Clinton wrote to the Securities and Exchange Commission urging such a moratorium, saying it would provide breathing room for the markets to recover, for investors to make accurate assessments of companies and for regulators to assess what trading practices should be permanently banned. * Convene an emergency economic summit to show the American people their government is working together. Bringing together leaders in the administration and Congress with lenders, consumer advocates, non profits, financial institutions, and all stakeholders will allow a coordinated response to the crisis. * Aggressively pursue and encourage mortgage modifications. Senator Clinton has introduced legislation to remove barriers to mortgage modification and to encourage lenders to voluntarily work with borrowers to keep them current on payments and in their homes. * Restore competent federal oversight of the increasingly complicated financial markets. The rapid evolution of the securities and banking industry overwhelmed the current regulatory framework, resulting in a shadow banking system that operates outside of oversight and without accountability. * Require transparency and accountability on executive pay. Senator Clinton has proposed the Corporate Executive Compensation Accountability and Transparency Act to impose new transparency rules on executive pay, end the accounting techniques that hide compensation, and provide shareholders a say in executive compensation packages. * Ensure the accountability of financial institutions borrowing money from the Federal Reserves new lending facilities. Taxpayers deserve to know that the companies they are bailing out are on the road to recovery and arent throwing more good money after bad. Here is video of her remarks to the Senate yesterday: YouTube - Clinton Calls for Immediate Action to Halt Market Crisis The Democratic Party has only itself to blame.