ASSESSMENTS
U.S.: The Obama Mortgage Plan
Feb 18, 2009 | 20:29 GMT
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Summary
U.S. President Barack Obama has announced his mortgage restructuring plan. The Obama plan takes the 2008 Bush mortgage restructuring plan — which concentrated an unprecedented amount of financial power in government hands — a step further in terms of requirements for lenders and the amount of federal monies to be made available.
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