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Consumer Law

: CL&P Blog

RTC or HOLC revisited?

By Alan White

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Some time ago I blogged about proposals to bring back something like the Homeowners Loan Corporation from the 1930's, to buy bad mortgages from banks and restructure them. It seems this idea is catching on. Today's stock market rose on rumors that the Administration is planning to propose a new RTC or HOLC. Presumably this would require some help from Congress.

Full post as published by CL&P Blog on September 18, 2008 (boomark / email).

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