In terms of consumer protection, last week’s enactment of emergency financial markets aid legislation promises an increased focus on loan modifications and reduced risk of investor lawsuits with respect to loan workouts. The crux of the Emergency Economic Stabilization Act, which President Bush signed Oct. 3, is a purchase-and-modification strategy aimed at unclogging the credit flow to...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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