Feds Must Do More To Curb Foreclosures, Says Bair

18 Nov 2008

Sheila Bair, chair of the Federal Deposit Insurance Corp., says the federal government needs to be more aggressive in preventing home foreclosures.

Sheila Bair, chair of the Federal Deposit Insurance Corp., says the federal government needs to be more aggressive in preventing home foreclosures. Testifying before the House Financial Services Committee, Bair appeared at odds with Secretary of Treasury Henry Paulson when she called for using bailout money to help homeowners. ...

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