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: The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C.

Obama's Giant Mortgage Plan

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From the Associated Press via Yahoo! News: "Obama to unveil $75 billion mortgage relief plan," by Mark S. Smith and Alen Zibel--

President Barack Obama's plan to tackle the foreclosure crisis will spend $75 billion in an effort to prevent up to 9 million Americans from losing their homes.

In tandem, the Treasury Department said it would double the size of its lifeline to Fannie Mae and Freddie Mac. The government, which seized the mortgage finance companies last fall, said Wednesday it would absorb up to $200 billion in losses at each company.


--Posted by the Madison County Illinois personal injury lawyers and the Alton Illinois car accident attorneys of Schaeffer & Lamere, P.C., handling lawsuits for accidents in Missouri and Illinois, personal injury Illinois and Missouri, products liability Illinois and Missouri, workers' compensation, medical malpractice Illinois and Missouri, Illinois truck accidents.

Full post as published by The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C. on February 18, 2009 (boomark / email).

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