dowdellresearch/social media: FDIC Plan in the big bang bailout switcharoo

Friday, November 14, 2008

FDIC Plan in the big bang bailout switcharoo

The federal Deposit Insurance Corporation is providing information on preventing more home foreclosures.

The federal agency that insures most U.S. bank deposits unveiled a plan to prevent about 1.5 million home mortgage foreclosures by promising to share any losses with mortgage companies that agree to refinance certain home loans.

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