Obama Administration Announces Massive Financial Aid Plan, But Details Remain Sketchy
February 12, 2009
Wall Street slammed President Barack Obama’s new financial stability plan this week, in part because of a lack of specificity on such details as to how he plans to address the crippled housing market. However, administration officials suggested the White House’s forthcoming foreclosure plan will lean heavily on the IndyMac model developed by the Federal Deposit Insurance Corp., and likely...