Mortgage bailout plans: options as they stand, today
It’s as good a time as any to outline several of the government’s proposed “bailout” plans. (Proposals followed by my own comments, of course.)
* The Federal Deposit Insurance Corp. (FDIC) proposes spending $24 billion of the $700 billion bailout funds to help 1.5 million households avert foreclosure.
The FDIC would guarantee 2.2 million modified loans, [...]


