March 26, 2008

The next bailout: Homeowners

Federal government help for Bear Stearns and other Wall Street firms increases the chance that assistance for those facing foreclosure will be approved.

The federal government is keeping Bear Stearns out of bankruptcy. Are you next?Momentum for federal assistance to struggling homeowners, a non-starter with the Republican administration and many members of Congress only a few months ago, has picked up steam in Washington.

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