Bair, “Permanently modify it, get people in a mortgage they can afford.”

FoxBusiness – Let me begin with the FDIC Chair Sheila Bair who is featured on the cover of today’s Wall Street Journal criticizing the federal government’s plan for failing to address homeowners at risk of foreclosure. Her comments could not be better timed. Thankfully someone within the economic team is saying what certain members of Congress and the American taxpayer were saying almost two weeks ago when they heard about the language of this rescue plan. If the route of the problem is housing, why isn’t it addressed in this plan?

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