Starting Off Well
You remember IndyMac. Well the FDIC has started a process to allow people to modify their loans to prevent foreclosures which seem unavoidable. Thus far, they've contacted thousands of borrowers borrowers. Seventy percent have accepted the new terms and will be able to stay in their homes. Maybe, government can do some things well.
1 comment:
Government can do lots of things well, but usually only when they're forced to.
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