Clinton, Obama debate subprime solutions as Ohio vote looms

Senators Hillary Clinton and Barack Obama have distinctly different ideas about how to tackle the subprime mortgage crisis. Clinton wants to freeze interest rates on adjustable-rate mortgages for five years and delay foreclosures for 90 days, proposals that the Obama camp acknowledges has resonated in Ohio, which holds its much-anticipated primary on Tuesday. Ohio’s cities have been hit with a tide of foreclosures; Cleveland has the country’s sixth-highest foreclosure rate. Obama says Clinton’s proposal to freeze interest rates would dry up credit.