WASHINGTON (Reuters) - U.S. banking regulators [FDIC led] are working closely with the Bush administration [Treasury] to create a loan guarantee program that would serve as an incentive for servicers to modify home loans, the chairman of the Federal Deposit Insurance Corp said on Thursday.
Oh, please, let's hope they get some bi-partisan help in at Treasury (and some people with markets expertise), before they come up with a ridiculous plan that ends up in a knock-down fight on the Hill. Please!
Buy the banks! Buy everything! Buy America! Buy Latin America! Buy Warren Buffet! Buy Champagne! Those who were once blind, now can see!
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