Monthly Archives: February 2009

America Fights Foreclosures

Will Obama's strategy make a dent in the problem? A day after signing his massive stimulus plan into law, President Barack Obama unveiled a strategy to stem the tide of American foreclosures. Some borrowers and lenders cheered; some housing industry analysts were unimpressed. When does it take effect? The program officially begins on March 4,…
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The Aggregator Bank

What would a storehouse for toxic assets do for the economy? Could a "bad bank" rescue the credit markets? Imagine a government-run bank that would buy up assets from private banks in order to ease the credit crunch. That's the vision circulating through Washington D.C. right now, and it looks like this plan may be…
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