SocraticGadfly: Mortgages may get some help

October 23, 2008

Mortgages may get some help

Bailout guru and manager Neel Kashkari says banks that agree to modify mortgages could be eligible for some federal guarantees.

Now, the bottom line is, how much of this will help bank top brass and how much will help mortgage holders?

Also, with so many mortgages sold and resold, who (all) gets the federal guarantees?

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