December 4, 2007

Big hurdle for subprime bailout: Who to help? (Reuters)

A foreclosed house for sale is pictured in the Green Valley Ranch development in Denver, Colorado July 26, 2007. Implementing the proposed bailout of subprime borrowers who face foreclosure may be so difficult that it will turn out to be no better than the loan modification efforts already underway, analysts said. (Rick Wilking/Reuters)Reuters – Implementing the proposed bailout of
subprime borrowers who face foreclosure may be so difficult
that it will turn out to be no better than the loan
modification efforts already underway, analysts said.

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