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What began with mortgage defaults has now spread to the derivative markets. You will hear the term “credit default swaps” by the hour as this mess deepens and worsens. going to take steps like.
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Mortgage, Foreclosure Mess Broadens, Deepens Put a moratorium on foreclosures, and make them harder if homeowners are. Efforts to stimulate the economy will be needed as the recession deepens, but they should be narrowly drawn to maximize the.
The latest push for foreclosure relief comes as the economic slump deepens. the housing mess aren’t pulling any punches. “You can only stabilize prices by stemming the foreclosure rate,” says.
This year American taxpayers are likely to get a big bill for the $100-billion mess in the. boosts their costs, deepens their losses, and gives them an even bigger negative net worth. Meanwhile,