Federal Deposit Insurance Corporation

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FDIC’s Bair Pushes Loan Modification Program 

Nov 18, 2008By

The U.S. can prevent 1.5 million foreclosures at a taxpayer cost of $24 billion, Federal Deposit Insurance Corp. chairman Sheila Bair said Tuesday in remarks before Congressional leaders, as she continued to push the FDIC’s recent proposal for mass loan modifications for troubled borrowers.

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