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Loan Modification

: Mortgage Lender Implode-o-Meter

Why Geithner Opposes Elizabeth Warren to Head the CFPB

By Implode-Explode Heavy Industries

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"The $700 billion in TARP money was originally supposed to go to get bad loans, the so-called toxic assets, of the bank's books. Immediately after TARP was passed, Paulson did a 180 and decided to use it as a direct cash infusion into the big banks rather than buying bad loans. (Nothing to do with him being a former Goldman CEO, I'm sure)."

Full post as published by Mortgage Lender Implode-o-Meter on July 20, 2010 (boomark / email).

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