Mortgage Crisis: Will Loan Mods Bring Relief? (BusinessWeek Online)

BusinessWeek Online – The growing urgency to implement an effective fix for the deepening U.S. financial crisis is pushing policymakers to consider measures that were roundly rejected as too risky not very long ago. The limited success of the first $350 billion in TARP funds and the government’s wavering on how best to dispose of the toxic assets that are clogging banks’ balance sheets — and preventing a rebound in the credit markets — has added to the sense of urgency.


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