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Loan Modification

: Mortgage Lender Implode-o-Meter

Fed Audit Bitterly Opposed By Treasury

By Implode-Explode Heavy Industries

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"The Treasury Department is vigorously opposed to a House-passed measure that would open the Federal Reserve to an audit by the Government Accountability Office (GAO), a senior Treasury official said Monday. Instead, the official said, the Treasury prefers a substitute offered by Rep. Mel Watt (D-N.C.), and would like to see it enacted as part of the Senate bill."

Full post as published by Mortgage Lender Implode-o-Meter on March 09, 2010 (boomark / email).

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