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Treasury, FDIC Still at Odds over Mega-Foreclosure Relief That Lenders Think Could Be a Better Deal
The Treasury Department and the Federal Deposit Insurance Corp. remain at loggerheads over a developing plan to have the federal government guarantee millions of mortgages to help stave off a growing tsunami of foreclosures. The crux of the debate involves a proposal advanced by FDIC Chairman Sheila Bair to take as much as $50 billion from the $700 billion federal bailout package and...
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