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?
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
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As seen at Washington Babylon and other fine establishments
October 23, 2008
Mortgages may get some help
Labels:
housing crunch,
lenders' bailout
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