Mortgage Meltdown Remedial Legislation Barney Frank has a good idea that will work. Mortgage notes must be reduced without penalty to borrowers, and of course continue the tax exemption for short sale.  Cooperation will be needed by FDIC, Federal Reserve, SEC, FASB, IRS, Controller of Currency and Treasury Department.  I would add the following AFTER […]

Tags: Barney Frank, credit cards, liquidity, Mortgage, payday loans, regulation, write-down
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