A Solution That Works

FDIC Chief Follows Last Week’s Comments That Bank Bailout Is ”Not Enough” with a Plan Similar to “A Solution That Works”
FDIC Chairman Sheila C. Bair testified on foreclosure before the Senate Committee on Banking, Housing and Urban Affairs  this morning. Here’s a snippet of Bair’s address:
Despite what we hear about the credit crisis and the problems facing [...]

Michigan Senator says bailout bill too costly; supports a plan similar to Dan Gilbert’s homeowner rescue proposal
Sen. Debbie Stabenow, D-Mich, told the Associated Press on Wednesday that Congress’ $700 billion attempted bailout of the banking industry was “too expensive” and didn’t address the core issues underneath the current financial crisis: the housing market and jobs.
Stabenow [...]