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Bailout Update
http://blog.metro-real-estate.com/ ?p=415
Here are some comments by Sheila Bair, the head of the FDIC, given today at the Brookings Institution Forum in Washington D.C. Housing crisis Without a doubt, we have some significant challenges ahead of us. And while some credit markets may be stabilizing, families, communities, and the economy continue to suffer. Frankly, things may get worse before they get better. As regulators, we continue to see a lot of distress out there. Foreclosures keep rising as mortgages reset to higher rates, home prices keep sinking, and millions of families continue to struggle with unaffordable mortgages.
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