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$9.9 Billion for Banks under Government Foreclosures Program
Now six major banks have $9.9 billion to motivate them to help distressed homeowners save their homes from private lender or government foreclosures. For each loan successfully modified, lenders could get up to $4,500 in total incentives."Now six of the country’s... No, Please .... Don't Call It a Bonus! It's a 'Retention Award'!
While CEOs of eight banks sat before Congress on February 11, 2009, one of the CEOs there from Morgan Stanley, attempting to justify their questionable actions after having received Troubled Asset Relief Program...
created by Karen Hatter | 41 wks ago | updated 41 wks ago
677 views | 78 recommendations | 13 comments
677 views | 78 recommendations | 13 comments
Foreclosures Seen as One of the Main Reasons Behind the Econom...
As the country sees itself continually dip lower amid the economic slowdown, many Americans ask how such a catastrophe could happen to a powerful and strong nation such as ours. " This situation could have been... Second $350 Billion of TARP: For Whose Foreclosure Program?
The outgoing Bush administration may request Congress to release the second half of the $700 billion Troubled Asset Relief Program fund allocated by Congress in October 2008 to help contain economic problems, especially foreclosure troubles. " President Bush could spend the...Lawmakers Reluctant to Release $350 Billion Foreclosure Bailout
Senate Banking Committee Chairman Christopher Dodd recently said that lawmakers were demanding to see more concrete action from government before it approves the release of the remaining $350 billion bailout funds...
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