U.S. bank plan to offer asset support, mortgage help
2009/02/06 22:08:42 @Reuters: Top News
WASHINGTON (Reuters) - The Obama administration's eagerly-awaited bank rescue plan will offer to insure some distressed assets held by banks, authorize the government to purchase others, and spend up to $100 billion to buy and modify troubled homeowner mortgages, a source with knowledge of the plan told Reuters on Friday. [ VIEW FULL COVERAGE @Reuters: Top News ] |