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FOR IMMEDIATE RELEASE

Senator Clinton Thanks Long Island REALTORS for Keeping Economy Going


March 27, 2006 - West Babylon, NY - On Thursday, March 23, 2006, Senator Hillary Rodham Clinton, D-N.Y., addressed Long Island Realtors® gathered at the Huntington Hilton in Melville. The two primary issues touched upon were keeping banks out of real estate and the current proposal to try and eliminate the home mortgage interest deduction.

Clinton said, “At the core of the American Dream is homeownership.” Noting the importance that housing plays in the national economy, she said “I wanted to come to thank the Realtor® community for helping so many people realize their dream; to thank you for keeping the economy going, and to thank you for providing services that are absolutely essential to all of our communities.” To that statement Clinton received resounding applause.

Senator Clinton is the co-sponsor of the Community Choice Real Estate Act, (S.98) which would keep banks out of real estate. Clinton, together with the Realtor community feel that allowing banks into real estate is just not fair to the general public considering the serious competitive advantage that they enjoy due to their federal charters.

LIBOR President, Gilbert Picard said that “Senator Clinton’s grasp of the issues that affect our area are in sync with the needs and concerns of all Long Islanders.” Picard further notes that “It was a great speech from a formidable presidential candidate who is astute and bright. Senator Clinton crystallizes the issues and deals with the solutions and it was a personal privilege to introduce her to our association members.”

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Press Release Contact:
Christina DeFalco
Public Relations and Communications Specialist
(631) 661-4800 ext.358

The Long Island Board of REALTORS® is a non-profit trade association consisting of more than 23,500 professional Realtors. For more information about LIBOR, or to locate a Realtor in your area, visit our web site at: www.mlsli.com.