Reuters - President-elect Barack Obama said on Wednesday he is reviewing whether taxpayers are getting maximum bang for the buck from a $700 billion government financial rescue package and indicated particular interest in helping prevent mortgage foreclosures.
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Tags: banking · economy · government · hope
AP - FDIC Chairman Sheila Bair said Thursday she is “still hopeful” of using federal bailout money to help homeowners avoid foreclosure.
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AP - Publicly breaking with the Bush administration’s official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government funding to help 1.5 million American households avoid foreclosure.
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AFP - The US banking system regulator Friday proposed a 24.4 billion-dollar program to restructure troubled home loans to avert foreclosures.
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Tags: banking · hope · national
Reuters - The Treasury Department is “aggressively” looking at ways to reduce skyrocketing home foreclosures under a $700 billion financial rescue program that so far has aimed at shoring up banks, the official in charge of the program said on Friday.
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