by Moe Bedard
THE US Treasury Department needs to take the same kind of aggressive steps to ease financial strains on homeowners that it took to guarantee the investments of banks and financial institutions. The economy can’t turn around until the housing market stabilizes. That requires a timely plan to stem mortgage defaults and foreclosures.
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by Moe Bedard
House Financial Services Committee chairman Barney Frank is warning Wall Street hedge funds and threatening to subpoena at least two hedge funds, Greenwich Financial Services and Braddock Financial to testify next month after the funds warned mortgage servicing companies not to participate in federal loan modifications.
“Your decision is a serious threat to our efforts to respond [...]
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