Wednesday, October 29, 2008

NYT: Government Said to Be Discussing Plan to Aid Homeowners

Chairwoman Bair has been the lone voice in the administration advocating for increased focus on the homeowner and consumer. If memory serves, I think her first public criticism of TARP's lack of treatment for homeowners was about two weeks back.

The proposal is a little fuzzy to me, but the focus is brilliant: deleverage the consumer.

http://www.nytimes.com/2008/10/30/business/30homes.html?scp=1&sq=Government%20Said%20to%20Be%20Discussing&st=cse

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