Paulson Urged to Comply with TARP’s Original Intent, As FDIC Rolls Out Tool Kit for Systematic Modifications
November 25, 2008
Congress and the Federal Deposit Insurance Corp. are moving resolutely towards a more aggressive foreclosure prevention program and use of taxpayer funds under the Troubled Asset Relief Program to mitigate the massive wave of foreclosures over the next two years.Following up on a contentious committee hearing last week with Treasury Secretary Henry Paulson and Federal...