NEW YORK (Bloomberg) — Democratic presidential candidate Hillary Clinton went to the Nasdaq stock exchange in New York yesterday to say that Wall Street helped create a national foreclosure crisis by encouraging reckless mortgage lending.

"Wall Street originated and packaged the loans that common sense warned would end in foreclosure," Clinton said yesterday, according to excerpts of the speech released by her campaign. "Some people say Wall Street only helped distribute risk. I say Wall Street shifted risk away from the people who knew what was going on and onto the people who didn't."

Clinton, 60, will reiterate her call for a 90-day moratorium on foreclosures for homeowners with subprime mortgages and a five-year freeze on the monthly rate for subprime adjustable mortgages, her campaign said. Clinton described the proposals in a letter to Treasury Secretary Hank Paulson earlier this week.

Paulson and Treasury officials are trying to craft an agreement with lenders to prevent a surge in defaults in the $11.5 trillion mortgage market. Clinton, a New York senator, told Paulson that any deal should include her provisions.