Paulson Asked to Pick Program: Frank Seeks TARP Funding for Aggressive Modification Plans
December 1, 2008
House Financial Services Committee Chairman Barney Frank, D-MA, strongly urged the Bush administration to choose among a number of aggressive foreclosure prevention initiatives that can be supported by the Troubled Asset Relief Program to mitigate the massive wave of foreclosures expected over the next two years. In a Nov. 20 letter to Treasury Secretary Henry Paulson, Frank said Treasury’s...