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Obama Plans $75 Billion Outlay to Fight Foreclosures
(Jack Healy/New York Times)

post from memeorandum on 18 February 2009 12:55:18 PM. © memeorandum

Jack Healy / New York Times:
Obama Plans $75 Billion Outlay to Fight Foreclosures — Seeking to stabilize the foundering housing market, President Obama is offering a plan to help as many as nine million families refinance their mortgages or avoid foreclosure, according to a summary released by the White House on Wednesday morning.