White House Bailout Plan for Subprime Borrowers
Does the White House have a plan to help millions of people stuck with high rate mortgages? Apparently there is a plan, but it may take several months to flush out. “It’s premature to talk about those discussions at this point,” White House spokesman Scott Stanzel told reporters on Friday.
Full details on this development at Reuters.com.
Photo: A house for sale is seen in Antioch, California November 27, 2007. REUTERS/Erin Siegal
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