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Newsletter
We have the potential for a true economic disaster
2008
Overview
'We continue to explore ways to reduce the risk of foreclosure,' he told reporters. [Henry Paulson] mentioned a new programme underway by the quasi-public mortgage lenders to make new loans currently being written more fair. The private lending industry is being encouraged to voluntarily follow suit, Paulson said. [Martin Eakes] said he supports [Sheila Bair]'s proposal, and [Barack Obama]'s idea that judges should be allowed to modify mortgages. 'Today's financial crisis is a monument to destructive lending practices -- bad lending that never before has been practiced on such a large scale, and with so little oversight. Unfortunately, the entire country is paying the price,' Eakes said.
Publisher
Global Network Content Services LLC, DBA Noticias Financieras LLC
Subject
