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Loan Modification
: Mortgage Lender Implode-o-MeterBanks Aiming to Play Both Sides of Coin
By Implode-Explode Heavy Industries
Some banks are prodding the government to let them use public money to help buy troubled assets from the banks themselves.
Banking trade groups are lobbying the Federal Deposit Insurance Corp. for permission to bid on the same assets that the banks would put up for sale as part of the government's Public Private Investment Program.
Full post as published by Mortgage Lender Implode-o-Meter on May 27, 2009 (boomark / email).
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