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January 8, 2009

Deal Between Citigroup and Senate

The Wall Street Journal is reporting that a "deal" has been reached between Citgroup and top Democrats in the Senate.  This major player in the industry has agreed to withdraw its opposition to cramdowns on home mortgages.  The article can be accessed here.  I expect this legislation to pass later this month and then "whoa nelly." 

January 8, 2009 in Legislation | Permalink

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