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IPFS News Link • Obama Administration

Foreclosure Plan: Obama’s Accounting Gimmick to Protect Lenders

02-19-2009 • optionarmageddon.ml-implode.com/

By subsidizing monthly payments, and not forcing banks to write down principal by more than a token amount of $1000 per year for 5 years, the plan will keep homedebtors tethered to vastly overpriced mortgages. Who does this really benefit?

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