With the mortgage and credit crisis bearing down harder every second, what can a governor do? How about an executive order that arrives just before the holidays that allows people to stay in their homes longer, gives businesses -- like home builders -- time to renegotiate for more time and provides a short-term boost to the economy?
Gov. Arnold Schwarzenegger has proposed it in California so we were wondering if Gov. Charlie Crist has considered it for Florida. “You have my office bugged or something?'' he answered.
"I think it would be a good thing to be able to do,'' Crist said this afternoon. "I want to try to work with the banking industry and do it in a way that is not harmful to them because we want them to succeed, to continue to loan money, but we want to stop the foreclosures, especially during the holidays.’’
Crist said he has been considering this "for several days, longer actually." And when asked if he has the authority to do it, the governor answered, "stay tuned.''